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This Week Highlight: Tencent Surpasses USD500 Billion Benchmark

  • DAR Wong
  • 2 December 2017

Last Tuesday, China internet giant Tencent soared to above USD500 billion in market capitalization and became larger in value than Facebook. Simultaneously, this is also the first Asian based technology firm that surpasses this historical benchmark without dispute.

 

Prior to this day, the U.S. based company Facebook closed in NASDAQ market at USD519.4 billion in market capitalization. On the following day, Tencent traded in Hong Kong market during Asia hour and boosted to HKD4.17 trillion (est USD534.5 billion) in total market capitalization. Currently, the internet giant firm has left Alibaba behind the race and is within crouching distance to Amazon's USD542.7 billion valuation.

Tecent Technology is a home-grown firm in China and listed in Hong Kong Exchange since 2004. The company was initially opened at HKD3.70 on first day of public trading and has expanded 11,000 percent when it was recorded at HKD439.6 per share on last Tuesday.

Other than China, Hong Kong and some part of Asia, Tencent is still little known to most western countries of its wechat messaging service. This is one amazing mobile chat service with personal advertisement of social activities that does not need to rely on log-in onto computers. Besides spanning into gaming business, Tencent's wechat is a leaping-and-bound business with the e-wallet owned by every user for easy merchandising payment and mutual cash transfer, apart from the personal freedom of subscribing for news contents registered and organized by other individual (or corporations) from all fields of interest. Known to have a user base of almost 1 billion users, the company has fetched a handsome revenue of over USD4 billion over a mere quarter ended September.

In fact, Tencent has been making multiple attempts to spread its wings outside China. On top of just looking to expansion into Asia, the firm has diverged its stride into Europe and America by taking a stake into Finnish smartphone maker Supercell, American Tesla and Snap.

Many analysts are optimistic in Tencent by judging on its business model and fast growing user base. This could be a cream of crop among the global Fintec industry that pays the best returns while divesting into the multiple new economic businesses. Looking at the rapid growth and increasing revenues from the multi-stream services, it is only rationale to forecast the firm will announce another elevation in the revenue after December and be epitomized by the stock investors. 

 

Disclaimer: This article does not mean to solicit or present sales. Readers are advised to assess your own risk appetite before making any decision.


About the Author
DAR Wong (Singapore)
An international speaker with 27 years of trading experience in the global financial markets, DAR is a Market Master and author of “Living Daylight in Stock Market: Monetizing Your Profits in 8 Days”.

DAR Wong is an active market trader, registered fund manager, educator and author.He began his career in 1989 as an institutional Futures trader with Bank of America. DAR Wong specializes in trading global derivatives and financial markets. He has 26 years of experience accumulated through tenure with Bankers Trust, Barclays Bank, Citigroup (Smith Barney Shearson Inc) and as an independent trader.

DAR is the author of “8 Ways to Invest in China’s Emerging Market” and contributes frequently to regional media, including financial TV/Radio programmes, newspapers and magazines for professional traders and active investors.

He is a popular and sought after international speaker who has presented to financial professionals and investors throughout the region including Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China, Cambodia, Myanmar, Philippines, Sri Lanka, India, South Korea, Laos, Vietnam, United Kingdom and Middle East (UAE).

DAR is registered with NASD (now known as FINRA) series 3 and 5 as approved by National Futures Association (NFA) of USA and holds a current portfolio as Fund Strategist and Advisor with Dektos Investment registered with Monetary Authority of Singapore.

DAR is profiled as “One of the most successful traders – Market Masters” in Brent Penfold’s bestselling book “The Universal Principles of Successful Trading “. In January 2015, DAR was honored with Outstanding Award for International Financial Market Analysis granted by ASEAN Commerce (Thailand).

DAR is the author of "8 Waysto Invest in China's Emerging Market" and contributes frequently to regional media, including financial TV/Radio programmes, newspapers and magazines for professional tradersand active investors.1

He is a popular and sought after international speaker who has presented to financialprofessionals and inverstors throughout the region including Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China,Cambodia, Myanmar, Philippines, Sri Lanka, India, South Korea, Laos, Vietnam, United Kingdom and Middle East(UAE).2


Year
2003 - Set up ASPRI to provide hedging advisory for corporate clients and training for financial professionals
2009 - Released first book “8 Ways to Invest in China’s Emerging Market”
2010 - Profiled as “one of the most successful traders – Market Masters” in Brent Penfold’s bestselling book “The Universal Principles of Successful Trading” along with Larry Williams, Andrea Unger, Michael Cook, and Daryl Guppy etc
2011 - Received “Spirit of Enterprise”awarded by Singapore Management University in Singapore
2012 - Honored with Individual Diamond Career (Thailand) awardedby Royal Privy Council of Kingdom of Thailand
2013 - Appointed Vice Chairman of ASEAN-China Commerce Association and led a delegationtothe annual China-Asean Expo in Guangxi Province, China
2014 - Fund Manager cum Director in Dektos Investment Corporation registered with Monetary Authority of Singapore
2015 - Released new book “Living Daylight in Stock Market - Monetizing Your Profits in 8 Days” in January
2015 - Honored with Outstanding Award in International Financial Market Analysis awarded by ASEAN Commerce (Thailand)
2016 - Honored with Medal of Integrity by Royal Councilin Palace of Palembng, Indonesia

References

1.TV programs on ChannelNewsAsia (Singapore);Radio on 95.8 Capital (Singapore); Newspapers such as The Borneo Post (Malaysia), 资汇报 (Malaysia); Regional financial magazines such as The Analyst (India), 东盟商界(ASEAN, China), 资本杂志 (Malaysia).

2.Spoke at events for CME Group, Euronext LIFFE, Tokyo Commodity Exchange, Singapore Exchange, Korea Exchange, Bursa Malaysia, Thailand Futures Exchange, Jakarta Futures Exchange, Indonesia Commodity and Derivatives Exchange, Tokyo Commodity Exchange, Interactive Brokers, Xinhu Futures, Hangzhou Money Fair, China (Shenzhen) International Finance Expo, China (Guangzhou) International Finance Expo, Euromoney, CIMB, Maybank, RHB, UOB Bank, Asia Trader & Investor Convention, Global Rubber Conference, International Rubber Conference, Malaysia Rubber Board, International Rubber Research and Development Board,Malaysia Ministry of Agriculture, Rubber Industry Smallholders Development Authority, Vietnam Rubber Association, Cambodian Rubber Association, Bureau of Agriculture Research Philippines, Myanmar Rubber Planters & Producers Association etc.