HONG KONG Douglas Morton, head of Asia research at Northern Trust Capital Markets, has confidently put Shenzhen-based internet company Tencent Holdings on his buy list. Not only that, he believes it will surpass all others in terms of market capitalization. "Tencent could become the largest company in the world," Morton says.
Tencent's founder, Pony Ma Huateng, is one of the 20 "value creators" identified by the Nikkei Asian Review. Morton believes the company's ability to "compound cash" in the current environment is "one of the strongest."
