Currently at a 24% discount off the peak of 775.5HKD on 17 Feb 2021, China/HK techs been facing alot of noise due to China Government policies to rein in the tech sector.
Currently after the 2.8Billion USD fine on Alibaba, there was a major news selloff on the 13 Apr 2021 that regulators invited most tech
for a meeting such as Tencent / JD / Meituan / Pinduoduo and more. However a major contrast was that the techs were all given 1 month notice to change and adhere to the guidelines which shouldn't be an issue.
Key point to hold long term
generating massive revenues from mobile gaming such as PUBG MOBILE and continue churning out games (E-sports as ongoing trend)
sensortower.com/blog...five-billion-revenue
Strong business fundamentals / balance sheet / well invested into multiple companies
Target pricing on 11 June 2021
TP High - 700
TP Low - 641
For discussion & education, Invest at your own risk
Currently after the 2.8Billion USD fine on Alibaba, there was a major news selloff on the 13 Apr 2021 that regulators invited most tech
for a meeting such as Tencent / JD / Meituan / Pinduoduo and more. However a major contrast was that the techs were all given 1 month notice to change and adhere to the guidelines which shouldn't be an issue.
Key point to hold long term
generating massive revenues from mobile gaming such as PUBG MOBILE and continue churning out games (E-sports as ongoing trend)
- PUBG Mobile was the highest grossing game in 2020, generating $2.6 billion in revenue.
It has been downloaded over 730 million times.
In Q3 2020, over 50 million people played the game daily
sensortower.com/blog...five-billion-revenue
Strong business fundamentals / balance sheet / well invested into multiple companies
Target pricing on 11 June 2021
TP High - 700
TP Low - 641
For discussion & education, Invest at your own risk