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Tencent has 73% upside now that the recent Beijing-driven Chinese stock sell-off has created the best setup since 2018, Goldman says

August 7, 2021
Source: businessinsider.in businessinsider.in
News Snapshot:
Kim Kyung Hoon/Reuters Tencent's 42% decline from its February high setup the stock for its most compelling risk-reward profile since 2018, Goldman Sachs said. The decline in Tencent 's stock has come amid a regulatory crackdown from Beijing. Goldman believes Tencent could surge 73% from current levels and reiterated its conviction list Buy rating. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . The ongoing decline in shares of Tencent sets the stock up for its most compelling risk-reward profile since 2018, Goldman Sachs said in a note on Thursday. Tencent has fallen 42% from...
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