Let’s talk about four stocks, Tencent Holdings ADR (OTCMKTS: TCEHY) , Hertz Global Holdings Inc (OTCMKTS: HTZGQ), EPIROC AKTIEBOLAG Unsponsored ADR (OTCMKTS: EPOKY), and Associated British Foods ADR (OTCMKTS: ASBFY).
Tencent Holdings ADR (OTCMKTS: TCEHY) jacking up investment game
Starting with Tencent Holdings ADR (OTCMKTS: TCEHY), the stock fell 0.64%, registering a -0.49 fall when it closed at $76.67 in yesterday’s session. The price remained the same in after-sessions too. At the end of May, the company had pledged that it would increase investments sharply after it had registered a quarterly revenue with a 25% gain. This means that Tencent, much like its competitors, is jacking up the game in China, focusing on the post-COVID internet sphere. This decision for ramping up its investment in China results from broader market opportunities, especially in short-form videos, online games, and business services.
Additionally, there is increasing pressure from industry, where others too are spending in these areas aggressively. So what we see is that there might be an increase in spending in the near future, while the ROI cannot be predicted at the moment. So next, we move to another stock on our list, Hertz Global Holdings Inc (OTCMKTS: HTZGQ).
Hertz Global Holdings Inc (OTCMKTS: HTZGQ) surged 3%
Yesterday, HTZGQ went up 3% and exited the market for $7.91. Its average share trading volume is 9.74M, while the market capitalization is 1.24B USD. On average, the price of the share, over the tenure of one year has remained within $0.41 – $8.89. At the moment, the stock is moving closer to its all-time high. Considering its financial performance, HTZGQ booked a quarterly revenue of $1.29B, down 33% from a year before. Let us now move on to our following stock, EPOKY.
EPOXY books $8.77B revenue
Over the last five days, EPOKY has remained in the green zone. It was trading at $22.59, up 2.40%, when the bells rang yesterday. The company, in its first quarter, has registered a revenue of $8.77B, down 3.95% from a year before. There has also been a drop in the net income, which came in at $1.39B, dropping down 2.32% from the previous year.
Associated British Foods ADR (OTCMKTS: ASBFY) grazes the green zone
Over the last six months, this stock has been grazing the green side and has done pretty well. The average share trading volume of this stock is 30.72K. On Tuesday, ASBFY exited for $33.85, registering a hike of 2%.
