Tencent stock price recovers as profit surges 89% in Q3

Shares of Tencent Holdings (HKG: 0700) gained 4.7% today to recover a portion of losses after the Chinese tech giant posted a profit of growth of nearly 90%. Fundamental analysis: Another monster quarter Tencent posted an 89% profit growth in the third quarter, thanks to its flagship game Honour of Kings and strong advertising results which helped it outstrip consensus estimates and send its shares surging. The gaming and social media behemoth thrived in the last quarter thanks to solid user base growth in China and abroad.  During the first 10 months of this year, Honour of Kings posted a