Tencent will extend this year?s 30 percent rally after reporting a surge in quarterly earnings next week and as Alibaba Group Holding Ltd.?s initial public offering shows investors the value of Asian technology stocks, according to analysts.?
Shares of Tencent climbed 1.2 percent to HK$129.80 today in Hong Kong, the biggest boost to the benchmark Hang Seng Index. The gauge slid 0.2 percent.
Three-month calls betting on a 10 percent increase in Tencent shares cost 5.7 points more than puts protecting against a 10 percent decline yesterday, according to data compiled by Bloomberg. The price difference has averaged 2.5 points this year.
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