Shares of China’s Tencent Holdings flatten as much as 4.6 percent on Thursday after the Hong Kong-listed internet superhuman’s results announced a day earlier showed that revenue missed judges and it warned that planned investments may hurt margins.
Tencent allots fell to as low as 441.4 Hong Kong dollars ($56.26) in early following. The company on Wednesday reported a 98 percent jump in quarterly net profit, run estimates, though revenues rose slower than expected at 51 percent.
Party president Martin Lau warned at a briefing on Wednesday that the company delineates to invest “aggressively” in areas including video and payment, which may cripple margins.
With a market capitalization of around $535 billion, Tencent is Asia’s ton valuable listed company and the world No.5 behind Apple, Alphabet, Amazon.com and Microsoft.