Another name on our list is Tencent.
Tencent Holdings Ltd. is a Chinese multinational technology and entertainment conglomerate, one of the largest companies in the world by market capitalization. Headquartered in Shenzhen, China, it was founded in 1998 by Pony Ma and several co-founders.
It benefits from the rebound of AI narrative, and develops a rally, which may be expanded into the future.
Tencent delivered a standout first quarter, with revenue rising 13% year-over-year to ¥180 billion (~$25 billion), exceeding market expectations.
Net profit increased by approximately 14% YoY to ¥47.8 billion, while non-IFRS operating profit climbed 18%, highlighting improved operational efficiency.
All major business segments—gaming, fintech, cloud, and media—outperformed forecasts, further strengthening investor confidence.
Technically, it develops a strong momentum, moving in an uptrend: not a fresh start, but it’s possible to observe a short-term continuation. If the price tests the lower line of the ascending triangle, it may bounce higher and break the higher border of this formation, as displayed on the chart.
Tencent Holdings Ltd. is a Chinese multinational technology and entertainment conglomerate, one of the largest companies in the world by market capitalization. Headquartered in Shenzhen, China, it was founded in 1998 by Pony Ma and several co-founders.
It benefits from the rebound of AI narrative, and develops a rally, which may be expanded into the future.
Tencent delivered a standout first quarter, with revenue rising 13% year-over-year to ¥180 billion (~$25 billion), exceeding market expectations.
Net profit increased by approximately 14% YoY to ¥47.8 billion, while non-IFRS operating profit climbed 18%, highlighting improved operational efficiency.
All major business segments—gaming, fintech, cloud, and media—outperformed forecasts, further strengthening investor confidence.
Technically, it develops a strong momentum, moving in an uptrend: not a fresh start, but it’s possible to observe a short-term continuation. If the price tests the lower line of the ascending triangle, it may bounce higher and break the higher border of this formation, as displayed on the chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.