BABA and Tencent will lead HK market a sustainable rally

BABA: forward PE is just around 22-24, and its recent EPS growth is around 40%.


Tencent: forward PE is just around 30. How about if its price rises to 35PE? It will be around $400.


If Tencent worth 35PE, how about BABA? 35PE? 45PE?


I guess the performance of HK market will be relatively strong in this quarter because of these two giant companies.