A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg
A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg

Hong Kong stocks risk inertia as doubts impede Tencent, Alibaba price targets after US$310 billion surrender from peak

  • Hang Seng Index has trailed the S&P 500 Index by 4.5 percentage points this year, 32 points over 12 months and 62 points over a five-year time frame
  • Tencent is trading at 21 per cent below analysts’ price target, near a record gap, while the discount on Alibaba stock is also near a record 33 per cent gap

Topic |   Hong Kong stock market
A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg
A screen shows a message marking the listing of Baidu in Hong Kong on March 23. Photo: Bloomberg
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