(TCEHY - Free Report
) is the giant Chinese Internet portal which provides mobile, telecom, entertainment, social media and financial services, and monetizes most of these with online advertising.
The stock has slipped to a Zacks #5 Rank because analysts took EPS estimates down for this year and next as trouble in China's economy begins to surface.
Here's a look at Tencent's amazing growth projections currently...
So why did it fall to the cellar of the Zacks Rank?
Because analysts lowered 2018 EPS projections 7% from $1.38 to $1.28 in the last 60 days.
And 2019 estimates were cut 10% from $1.85 to $1.65.
I like this company and its dominance in China Internet. But I like Alibaba
(BABA - Free Report
Both are $450 billion behemoths of Chinese consumer culture. So if I can only own one, I pick BABA.
We'll see if that changes after their report on Thursday.
Disclosure: I own BABA shares for the Zacks TAZR Trader portfolio.
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