Like
“Tencent Holdings (Hong Kong, Code: 700) is the holding company that provides internet, mobile, advertising and e-commerce services across China and the globe,” he explains.
“Although it is trading at around 37 times next year’s earnings, an estimated long-term growth rate of 20% eases valuation concerns.
“Tencent outperformed the Hang Seng index in the initial coronavirus sell down, possibly supporting the view that any escalation of viral infection could see greater demand for Tencent’s services,” he adds.
Source: Google
Dislike
On the other hand, Michael doesn’t like Commonwealth Bank (CBA). “The lift in CBA’s share price to levels above $84 is impressive, given the concerns and costs raised by the banking Royal Commission,” he says.
“I suspect some shareholders are hanging in for the February dividend.
“It may be smarter to sell ahead of the ex-dividend date,” he adds.
Source: Google
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.
