Gavin GrahamTencent Holdings Ltd TCEHYHOLDSep 27, 2019

Important, because it's the super-app for the Chinese consumer. Has a gaming platform, chat platform, and moving into the AI sphere. Interesting equity, but you need to make a call on China as a whole. 

Remember what happened when the finance arm of BABA was supposed to go public:  CEO said some things, Chinese government stepped in, Ant Financial was pulled, stock price of BABA collapsed by 70%, CEO disappeared for a few months. During that time, Tencent all of a sudden had to make a large donation to charity -- not something you can forecast. By investing in Tencent, you have to sign up for that. 

Otherwise, a great company. Well managed, well structured, and they own the Chinese consumer.

He sold it a while ago. China has become uninveitable. Given Trump, this could be delisted. Lots of political risk. The valuation vs. US tech is attractive, though.

Tencent was nearly $100 two weeks ago and now $84. Similarly, BABA has popped from $225 back to $280, round trip. Tencent is seeing its first meaningful sell-off in a while. In the low/mid-$80s it is an interesting range.

This didn't come down much during the pandemic. Has good growth and diversification. Has its own payment system. Actually, this sold off last year during the trade war, but has held in this year like a rock. They are solid. Has good growth ahead. (Analysts’ price target is $56.67)

Tencent is a Chinese Internet company. Great option if you are looking for growth.

It struggled during the American tariffs, but has recovered a bit after the tariffs were lifted. He needs to see financial reporting from a company, and Chinese companies are only 70% compliant with global standards.

He owns this one -- about 1% of his portfolio. He has a price target of $53.70 US. It is undervalued. It is the largest online advertiser, gaming space and more. It is getting into fintech and cloud storage -- all with good long runways.