Buy The Dip: Tencent's Value Thesis Not Changed By US Blacklist Concern

Core Viewpoint - Tencent shares are considered a Buy due to attractive buyback activity, resulting in a 32% return since March 2024, outperforming the S&P 500's 13% gain [1] Summary by Relevant Sections - Company Performance - Tencent shares have returned approximately 32% since the publication of the article in March 2024 [1] - This performance significantly exceeds the S&P 500's return of 13% during the same period [1] - Investment Activity - The article highlights the importance of buyback activity as a factor contributing to the positive performance of Tencent shares [1]