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Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

Tencent, Alibaba's Rocketing Valuations May Augur a Pullback

  • Tech firm’s projected P/Es well ahead of estimated earnings
  • Gap between the two could prompt stock losses: Northern Trust

Asia’s much-vaunted tech stocks could be getting ahead of themselves.

Projected price-to-earnings multiples for companies like Tencent Holdings Ltd. -- the chief driver of Hong Kong’s region-beating equity rally this year -- are re-valuing at a much faster pace than profit estimates, which could weigh on share prices, according to Northern Trust Capital Markets LLP.


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