Tencent stock price steadied at HKD 319 after modest profit-taking. The company’s strong balance sheet, with over RMB 300 billion in cash reserves, provides investors a cushion against macro uncertainty, making it a preferred defensive growth play in Asia tech. Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached. We raise our fair value estimate for Tencent stock. Tencent stock price closed at HKD 320.80 today, up 1.24% on stronger-than-expected Q1 earnings. Traders are noting increased volume, with turnover surpassing HKD 10 billion. Analysts project short-term resistance at HKD 325, with support near HKD 310, citing stable cash flows from gaming and fintech segments.
