Author Topic: TCEHY - Tencent  (Read 19123 times)

fareastwarriors

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Re: TCEHY - Tencent
« Reply #40 on: September 05, 2018, 01:17:00 PM »
How WeChat became China’s everyday mobile app

Tencent has frequently added innovations to WeChat, designed to drive growth and loyalty, the latest being mini programs

https://www.scmp.com/tech/article/2159831/how-wechat-became-chinas-everyday-mobile-app#comments


winjitsu

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Re: TCEHY - Tencent
« Reply #41 on: September 06, 2018, 01:38:12 AM »
How WeChat became China’s everyday mobile app

Tencent has frequently added innovations to WeChat, designed to drive growth and loyalty, the latest being mini programs

https://www.scmp.com/tech/article/2159831/how-wechat-became-chinas-everyday-mobile-app#comments

Pretty sure the mini-programs have been around forever. You've been able to hail a rideshare car, pay bills, buy train tickets etc for a long time

chrispy

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Re: TCEHY - Tencent
« Reply #42 on: September 06, 2018, 06:17:57 AM »
Has there been any more news on when Chinese residents will be able to buy ADR/CDRs?

blainehodder

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Re: TCEHY - Tencent
« Reply #43 on: September 06, 2018, 07:19:06 AM »
Has there been any more news on when Chinese residents will be able to buy ADR/CDRs?

Richard Liu said about one month ago that he expects the government to move slowly. It sounded like it could be easily more than a year away. I cant remember what interview it was, but it is on youtube.

peterHK

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Re: TCEHY - Tencent
« Reply #44 on: September 19, 2018, 07:39:34 AM »
This is starting to look cheap here.

30x earnings, but those earnings are growing 30%+ a year and you're buying one of the two companies that control the top of the tech funnel in China and arguably have the option value of shaping that industry for years to come (ie you partner with BABA/Tencent, or they kill you). WeChat is underearning, high ROIC business.

Additionally, unlike BABA, 90% of  their activity goes through the listco, and their CEO doesn't steal from western investors, so when you buy the ADR/VIE structure it's significantly better than BABA's version. They also have a good track record of taking things public rather than just holding them at 2x their value on the balance sheet like BABA does.

pcm983

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Re: TCEHY - Tencent
« Reply #45 on: September 19, 2018, 08:13:01 AM »
any thoughts on tencent music downsizing ipo? doesnt bode well in my mind

cameronfen

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Re: TCEHY - Tencent
« Reply #46 on: September 19, 2018, 10:31:10 AM »
you should probably still by through Naspers ya?  I haven't checked the relative value in a while. 

Lakesider

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Re: TCEHY - Tencent
« Reply #47 on: September 19, 2018, 01:30:51 PM »
The Naspers Tencent discount has fallen considerably since start of the year. Still a discount though, and the quality of naspers other businesses is growing. Naspers still talking about spinning off smaller units which is a positive. Claiming that their size relative to the JSE forcing domestic investors to sell.

zhengmit

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Re: TCEHY - Tencent
« Reply #48 on: September 20, 2018, 06:19:19 AM »
Sure, Tencent is starting to look cheap, but maybe still more than 50% of profits come from gaming.  I realize that it has a dominant position in gaming but still feel a bit chicken to buy this business at high multiple.  WeChat is fantastic but it is almost 10 years (people start to feel tired of it), and tech cycle is typically 10 years.  Any thoughts?

Jerry Capital

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Re: TCEHY - Tencent
« Reply #49 on: September 20, 2018, 06:59:43 AM »
Gaming is one of the best businesses ever.

Software like economics + Tobacco like addiction.

And you're allowed to advertise.

Imagine people loved opening up Microsoft Word and playing with it? That's gaming... and Office by itself is a great business.