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Tencent shares in Hong Kong dropped by around 7.3% on Tuesday, following news that the Department of Defense included the tech giant on a list of “Chinese military companies.”
The stock of Tencent Holdings (OTCPK:TCEHY, 30-year Financials) shows every sign of being fairly valued, according to GuruFocus Value calculation.
In August 2017, after Tencent announced the second quarter 2016 financial report, the stock price rose by 6.2% in the Hong Kong stock market, and the market value reached US$429 billion. [96] Tencent became the second Asian company after Alibaba Group to surpass US$400 billion market cap. [97]
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1] Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1] Ranking. Country / Territory
The stock of Tencent Holdings (OTCPK:TCEHY, 30-year Financials) appears to be fairly valued, according to GuruFocus Value calculation.