epa05445064 A general view shows an advertising board at Samsung Electronics Co.'s headquarters in Seoul, South Korea, 28 July 2016. The electronics giant reported its biggest quarterly operating profit in more than two years, boosted by robust sales of its latest premium smartphone and cost-cutting efforts. The world's largest maker of smartphones and semiconductors earned 8.14 trillion won (7.19 billion US dollar) in the April-June period, up 18.06 percent from the same period the year before. EPA/YONHAP SOUTH KOREA OUT
SINGAPORE: Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia's most valuable company as expectations for robust earnings growth push their share prices to record highs.
Their surge – both have gained by a third this year – has made them the world's best performing large-cap tech stocks and highlights how these nimble Asian firms are thriving while rivals Apple Inc and Alibaba have struggled.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
