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Tencent: AI Panic Hits Earnings Multiple, Not the Fundamentals
The reaction is overblown. AI should strengthen Tencent’s core businesses, and the payoff is already visible.
Ivan Su is a director for Morningstar.* He covers consumer discretionary and interactive media companies in Asia with a focus on China. Some of these companies include Tencent, NetEase, and Yum China.
Su joined Morningstar in 2016 as a part of the Morningstar Development Program before moving into an equity research role.
Su holds a bachelor’s degree in public policy and law and urban studies from Trinity College.
*Morningstar Investment Management Asia Limited (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.
United States