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Tencent Blacklisted: Is This the End for TCEHY Stock?
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In this video, I react to the news that Tencent has been added to the Pentagon blacklist. I share my thoughts on the implications of this decision and why I believe it won't significantly impact Tencent's future.
Key Points:
Tencent is not a supplier for the US military.
The Pentagon blacklist is intended to discourage American companies from doing business with the blacklisted firms.
Tencent's shares fell sharply on Tuesday after the news.
Tencent is a strong company with a bright future.
I hope you enjoy the video!
#Tencent #TCEHY #Stock
Disclaimer: All videos are provided for informational purposes only. Nothing contained herein should be construed as an offer, solicitation, or recommendation to buy or sell any investment or security, or to provide you with an investment strategy. Nor is this intended to be relied upon as the basis for making any purchase, sale or investment decision regarding any security. Rather, this merely expresses my opinion, which is based on information obtained from sources believed to be accurate.
Key Points:
Tencent is not a supplier for the US military.
The Pentagon blacklist is intended to discourage American companies from doing business with the blacklisted firms.
Tencent's shares fell sharply on Tuesday after the news.
Tencent is a strong company with a bright future.
I hope you enjoy the video!
#Tencent #TCEHY #Stock
Disclaimer: All videos are provided for informational purposes only. Nothing contained herein should be construed as an offer, solicitation, or recommendation to buy or sell any investment or security, or to provide you with an investment strategy. Nor is this intended to be relied upon as the basis for making any purchase, sale or investment decision regarding any security. Rather, this merely expresses my opinion, which is based on information obtained from sources believed to be accurate.