Tencent Holdings Limited
Thesis
Tencent is another high-growth company that is part of Polen's investment strategy. Its strong fundamentals justify its higher valuation, and it is expected to continue growing at a significant rate.
Did it work?
inconclusive
confidence: low
The thesis is a generic long case resting on Tencent's strong fundamentals and continued significant growth, but no price performance is available and no time horizon or specific catalysts are stated. Without either a return figure or evidence that the projected growth materialized (or failed to), there is nothing to confirm or break the thesis. The outcome cannot be judged from the information given.