Tencent – not just a dime a dozen

Since Naspers, the JSE’s highest market cap stock, announced in March that is was to reduce its holding in Tencent by 2%, the Chinese tech company has received considerable attention. Notably, Tencent shares have lost a third of their value so far this year.

 

So we need to ask: Is this price slump justified or does it reflect an outstanding buying opportunity?

 

Many in the investment worl