Tencent's inclusion on Pentagon list puzzling
Citigroup analyst Alicia Yap reiterated a "buy" rating and "top pick status" on Tencent, according to Business Insider. She wrote in a research report that Tencent's growth outlook and fundamentals are sound. She sees the selloff as an "enhanced buying opportunity" and has a HK$573 price target on the share.
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for ...
The Defense Department has added dozens of Chinese firms to a list of companies that are prohibited from working with the ...
Tencent’s shares plunged nearly 10 percent after it was designated a military company. The Chinese battery manufacturer CATL ...
Tencent Holdings Limited, the parent company of Tencent Games, is now considered a Chinese military company by the United ...
In addition to Tencent, Catl is also on the US blacklist of companies accused of working for the Chinese military ...
The U.S. Defense Department added CATL and Tencent Holdings, to its annual list of companies alleged to have ties to China's ...
Shares of Prosus, Tencent's largest shareholder, fell after the Pentagon labeled the Chinese tech giant as military in nature. In early European trading, Prosus shares fell 1.75% to 35.0 euros.
Tencent’s addition to the Pentagon blacklist raises risks for further sanctions and trade restrictions on Chinese businesses, analysts say.
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