Tencent Stock Price Prediction: Why You Should Go Long Tencent Before 2017 Ends

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Tenecent Stock

  • Tencent’s wise decision to port a mobile version of its League of Legends PC MOBA game is paying off big time.
  • Honor of Kings (also known as King of Glory) is a Chinese mobile version of League of Legends and App Annie says its May 2017’s top-grossing game.
  • Honor of Kings was already generating gross sales of 2 to 3 billion Yuan earlier this year. This mobile game could generate $2 billion in FY 2017.
  • Tencent’s Fantasy Westward Journey RPG is also the world’s fifth top-grossing mobile game. Tencent’s subsidiary Supercell’s games, Clash Royale and Clash of Clans are No.4 and No. 6 respectively.
  • TCTZF touts a very bullish one-year algorithmic forecast from I Know First.

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