Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho
Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho

Tencent to grant directors powers to buy back up to 10 per cent of company’s shares

  • Buy-back will spur a rally in Tencent’s stock price as it shows the management is confident in the company’s fundamentals, says Norman Hui, analyst with Zhongtai International Securities

Topic |   Tencent
Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho
Tencent Holdings’ shares have jumped alongside a rising market. Photo: Chua Kong Ho
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