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Outrageous Predictions 2018: Tencent outstrips Apple, becomes world’s largest company — #SaxoStrats
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China is opening up its capital markets, and the country’s enormous size and surging living standards are attracting investors from across the globe. Given this, it’s no surprise that tech-sector leader Tencent is bumping up against some of the world’s largest companies by market capitalisation. In 2018, though, all of this jostling for position will become a thing of the past as Tencent leaves its US rivals in the dust. Saxo Bank's head of equity strategy Peter Garnry explains why this could be an outrageous prediction for 2018.