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Which company’s stocks disappointed investors the most in 2018?
Out of ten companies valued more than $100 billion, which shares analytics recommended to buy, Chinese Tencent Holdings Ltd. showed the worst results, Bloomberg reports.
Which company’s stocks disappointed investors the most in 2018? Out of ten companies valued more than $100 billion, which shares analytics recommended to buy, Chinese Tencent Holdings Ltd. showed the worst results, Bloomberg reports.
As of Tuesday, shares fell by 22% in Hong Kong, while value of the company declined by $108 billion. It shall be noted that in January Tencent stocks reached record level HK$474,60 after they gained 64000% since their debut in 2004. At the moment Tencent represents 5% of MSCI index for Emerging Markets.
Today shares gained 0,6% to HK$320.
Other stocks that disappointed investors this year include Belgian brewer Anheuser-Busch InBev NV (-17%), Samsung Electronics (-11%), Facebook Inc (-9%), Alibaba Group Holding (-7,9%). Chinese companies dominate in first 10 top list.