Tencent: Revenue Rebounds With Improving FCF Margins

Tim Robberts/DigitalVision via Getty Images Tencent Holdings Limited (OTCPK:TCEHY) is a promising growth investment in FY 2024 as the company returned to double digit top line growth in FY 2023 and the online advertising business is seeing an acceleration of growth as well. Although U.S.-based investors may be hesitant to consider Tencent as an investment due to operational focus on China, the gaming and social media company is extremely profitable on a free cash flow basis. Shares are also very attractivel ...