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Tencent's share price fell to 10 months, the lowest market value evaporated 1.1 trillion yuan

via:快科技     time:2018/8/3 20:00:43     readed:191

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The average target of 51 analysts for Tencent's share price is HK$511.62. Tencent is farther and farther away from this goal.

In the 14 years since its listing in Hong Kong, Tencent’s share price has only soared in two years, especially last year’s cumulative increase of 114%.

However, after hitting a record high in January this year, Tencent's share price has been falling, and the market value has accumulated 160 billion US dollars, or about 1.1 trillion yuan.

At least 11 investment banks lowered their target price in Tencent in July, with JP Morgan Chase down 4% to 480 Hong Kong dollars.

Tencent will release its second-quarter earnings on August 15, and analysts expect profits to be the slowest growth since 2012.

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