23 Dec 2021: What does the distribution in specie of JD shares by Tencent mean?
@Hopehope赋予希望:
My youtube channel:https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iwAlibaba and Tencent are undoubtedly the best known Chinese big tech companies that the world has known. If you are a financial investor of Chinese equities, it would not be that surprising to you when you hear that tencent had on 22 December 2021 announced the distribution of JD shares that it owns to its shareholders.But what does it truly mean? Considering that tencent's share price has declined from 775 HKD to around 443 HKD now, representing at least 40% decline from price peak, this move has the signs of helping to reduce further share price downward pressure.But this is only one level of thinking.... If you read my article on the second level of thinking, we would have to think further.. Is this step a conjunc