Tencent Holdings Limited, which lately became a substantial holder in Afterpay Limited (ASX:APT) reported an increase in its share price after it revealed its FX-adjusted quarterly profit of USD 3.95 billion and total revenue of USD 15.252 billion. It has net cash of USD 31.1 billion by the end of March 2020 quarter.
During the quarter, there was an increase in the online gaming business revenue by 31% to RMB37.29 billion.
Tencent’s shares improved by 4.48% by the closure of Hong Kong Stock exchange.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
