TENCENT may trend higher after crossing above the 20-day and 50-day EMAs a few sessions ago. The potential convergence of the 20-day and 50-day EMAs signals the development of a bullish trend. Furthermore, the MACD line is turning upwards after an extended downtrend, suggesting a possible long-term recovery.
Net profit is expected to grow at a CAGR of 8% for the next 3 years with strong net margins of more than 33%.
Source: Rakuten Research - 4 Feb 2025
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