Tencent Holdings Limited
TCEHY
position
long
Ben Preston, Orbis
Thesis
Tencent is considered to have a competitive position and growth potential similar to that of major global companies, yet it is available at lower valuations. This makes it an appealing investment despite the regulatory risks in China.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The competitive position and growth potential of Tencent may still hold, but without concrete evidence of price movement or developments in the regulatory landscape, the outcome remains uncertain.
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