Tencent is strongly believing share price undervalued
That is assuing. The total turnover is 25 million shares traded today and Tencent bought back 2.67 million or about 10% of total transaction. this is amazing. as investor, when Tencent takes such active approach in BB to back their words, there is simply no worries. soon it has to rise.
Tencent Holdings (00700.HK) spent HKD1.003 billion on June 7th to buy back 2.67 million shares.Gelonghui Finance· 58 mins agoTENCENT (00700.HK)374.800-1.78%
On June 7th, Gelunhui reported that Tencent spent 1.003 billion Hong Kong dollars to repurchase 2.67 million shares on June 7, 2024, with a repurchase price per share of HKD 372.8-384.4.
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捡烟蒂吃肥鸡 : According to this buying method, after ten years, Tencent will have less than 3 billion shares left, a reduction of about 2/3