This Is the World's Most Disappointing Stock
- Shares have fallen most among biggest, top-rated companies
- Investors selling the stock on earnings, regulatory concerns
A pedestrian walks past Tencent Holdings Ltd.'s headquarters in Shenzhen, China.
Photographer: Qilai Shen/Bloomberg
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For the most disappointing stock trade in the world this year, step forward Tencent Holdings Ltd.
Of the 10 companies worth more than $100 billion that analysts predominantly rate as buy, Tencent has by some distance had the worst 2018, data compiled by Bloomberg show. The Internet giant tumbled 22 percent in Hong Kong through Tuesday, wiping out $108 billion in value, as the company failed to maintain earnings momentum and a government clampdown clouded the outlook for the games industry.