$TENCENT(00700.HK) has reached a critical juncture

LongPort - 鹅厂小灵通
鹅厂小灵通

Written at Tencent 350, discussing the valuation gap caused by cognitive differences.

The previous article was 'Written at Tencent 390'. Many people said that Tencent couldn't buy back shares before the interim report, and they speculated that the stock might fall, so they didn't dare to buy.

Actually, I really want to ask, is it because Tencent didn't buy back shares that caused the stock price to fall, or is it because the market expected Tencent not to buy back shares and might fall, so they didn't buy, which led to the decline? This seems like a chicken-and-egg problem.

But...

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