A new gaming boom helps Tencent to thrive
The Chinese gaming company profits from a current rise in gaming demand.
Tencents (OTCPK: TCEHY): Q2 Non-GAAP EPS of RMB3.13 beats RMB0.42, net income of RMB33.11B beats RMB5.82B. Revenue of RMB114.88B (+ 29% y / y) beats RMB2.44B. VAS revenue of RMB65B (+ 35% y / y) amid online gaming revenue spike to RMB38.2B. Last week, Trump signed orders for TikTok, WeChat. Setting all-time highs, Tencent is still undervalued, writes SA employee ALT Perspective. Hong Kong stocks are up 1.4%.