0700.HK - Tencent Holdings Limited
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 334.800 |
| Open | 336.400 |
| Bid | 336.000 x 0 |
| Ask | 336.200 x 0 |
| Day's Range | 333.800 - 340.000 |
| 52 Week Range | 198.600 - 416.600 |
| Volume | |
| Avg. Volume | 21,508,120 |
| Market Cap | 3.217T |
| Beta (5Y Monthly) | 0.60 |
| PE Ratio (TTM) | 15.78 |
| EPS (TTM) | 21.290 |
| Earnings Date | Aug 15, 2023 - Aug 21, 2023 |
| Forward Dividend & Yield | 2.40 (0.72%) |
| Ex-Dividend Date | May 19, 2023 |
| 1y Target Est | 442.36 |
Fair Value
Related Research
ZacksWhat Makes Tencent Holding Ltd. (TCEHY) a New Strong Buy Stock
Tencent Holding Ltd. (TCEHY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
BloombergTop-Performing Fund Favors China Stocks as Bearish Tide Grows
(Bloomberg) -- The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailThese Are the World’s 20 Most Expensive Cities for Expats in 2023Dam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensivePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New Phas
- Financial Times
Hong Kong equities rally driven by internet stocks
Hong Kong equities notched their best daily gains in three months as short sellers closed out bets against Chinese internet groups and some investors snapped up shares on hopes that a protracted sell-off for China stocks was overdone. The sudden upswing for the Hang Seng index took it 4 per cent higher on Friday. The rally on Friday was led by Chinese internet stocks, with the Hang Seng Tech index jumping 5.3 per cent. Tencent and Alibaba closed 6 and 6.7 per cent higher in Hong Kong, respectively.
BloombergNvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs
(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang is heading to China to meet with tech executives in the world’s biggest chip market, despite rising tensions between Washington and Beijing, according to people familiar with the matter.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of Fin
- Reuters
China AI startup MiniMax raising over $250 million from Tencent-backed entity, others - sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products. MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
- Reuters
China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others - sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products. MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
InvestorPlaceThe 25 Best Growth Stocks for the Next 5 Years
Looking for the best growth stocks to buy will take much more scrutiny in the current market environment. I wrote a column on Dec. 31, 2022 about 25 tech stocks to “buy before they take off in 2023.” Almost all of them have rallied and are up substantially since they changed hands for peanuts back then. However, the situation now is very different after the rally this year, and most growth stocks do not provide compelling entry points. This does not mean that investors should shun all growth nam
- Financial Times
‘Genshin Impact’ maker aims for Tencent’s China gaming crown
On the eve of last month’s launch of miHoYo’s latest online game, Honkai: Star Rail, employees at the Chinese gaming company worked late into the night. A space-travel anime game, Honkai: Star Rail is miHoYo’s second new title since the breakout success of Genshin Impact. How it performs will determine whether the Shanghai studio can establish an enduring role for itself as one of China’s top game developers in the face of competition from industry giants Tencent and NetEase.
InvestorPlace3 Chinese Stocks to Buy Before They Skyrocket in 2023
Finding the best Chinese stocks to buy can be tricky. Pandemic-induced lockdowns had a crippling effect on the Chinese tech industry, hitting manufacturing and clouding the industry outlook. However, amidst these challenges, a silver lining emerges for forward-thinking investors as the top Chinese stocks to buy now present attractive valuations to capitalize on a reviving economy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The journey has been rough for Chinese stocks, with th
Motley FoolElon Musk Wants to Build an "Everything App" -- but This Competitor May Have Already Done So
Like the times, Twitter is a-changin'. Elon Musk stirred controversy with his decision to charge $8 per month for the little blue checkmarks next to Twitter users' handles that in the past were only given to verified accounts. Musk tweeted in late 2022 that his purchase of Twitter was "an accelerant to creating X, the everything app."
BloombergXi Remade China's Tech Industry in His Own Image With Crackdown
(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Cr
ZacksTime for China Tech ETFs Despite Mixed-Bag Earnings?
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
South China Morning PostTencent replaces chairman at video game live-streaming platform Huya amid regulatory pressure and increased market competition
Tencent Holdings, operator of the world's largest video gaming business by revenue, has appointed a new head for its popular game live-streaming platform Huya amid regulatory pressure and fierce competition in this market. Lin Songtao, who serves as a vice-president at Shenzhen-based Tencent, was named Huya's new chairman effective immediately, replacing Huang Lingdong who had held that post since April 2020, according to a statement on Tuesday from the New York-listed live-streaming service. Hu
- South China Morning Post
China regulator approves 86 new video game licences in May in another sign sector is back on track
Chinese regulators approved 86 game licences in May, covering titles from the country's biggest players, Tencent Holdings and NetEase, as the world's largest video gaming market gets back on track after regulatory uncertainties. The National Press and Publication Administration (NPPA), the agency responsible for licensing video games in China, published its latest list of approvals on Monday, with an amount in line with previous months this year. Tencent, operator of the world's largest video ga
- South China Morning Post
Tencent launches palm payments in Beijing, allowing metro passengers to pay with the wave of a hand
Chinese social media giant Tencent Holdings is allowing Beijing metro passengers to pay for rides using only their palms in a new service launched in China's capital city through its WeChat Pay service, referred to as Weixin Pay domestically. Starting from Sunday, users who enrol in the palm-recognition service can pay for rides on the Daxing Airport Express Line by holding their hands over a scanner at metro station turnstiles. Recognition of a unique palm print triggers an automatic payment th
BloombergTSMC Retakes Lead From Tencent for Asia’s Largest Market Cap
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. has reopened a lead over internet giant Tencent Holdings Ltd. as Asia’s biggest company by market value, helped by a resumed rally in chip stocks.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverShares of TSMC have gained about 6% so
Motley FoolWhere Will Tencent Stock Be in 5 Years?
Tencent (OTC: TCEHY) once seemed like a promising long-term play on China's booming tech sector. It's the world's largest video game publisher, and its top games dominate China's gaming market. It owns WeChat (also known as Weixin), the leading "super app" in China, which bundles together mobile messages, social networking tools, digital payments, online purchases, integrated games, and other features in a walled garden.
BloombergChina Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch
(Bloomberg) -- Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t revive them.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashes Out and Sends Warning to Central Bankers EverywhereShares of Ten
South China Morning PostChina's Big Tech bosses take different business approaches towards generative AI like ChatGPT
China's Big Tech bosses are displaying conflicting views towards artificial intelligence (AI), as some eagerly embrace the advancing technology while others warn against hasty adoption amid the frenzy around ChatGPT. Pony Ma Huateng, founder and CEO of social media and video gaming giant Tencent Holdings, said his company would take a more measured approach in launching generative AI products, despite the potential opportunities. "I think a lot of companies are in too much of a rush, trying to b
The Wall Street JournalChinese Tech Giants’ Results Reflect Lackluster Economic Recovery
Earnings of China’s biggest technology companies in the first quarter offered a mixed picture of recovery in the world’s second-largest economy, with growth activities geared to businesses accelerating while consumer spending remained weak. E-commerce giant Alibaba Group on Thursday reported a soft 2% rise in revenue from a year earlier, below analysts’ expectations and underscoring China’s weak postpandemic economic recovery. Alibaba’s shares were down 4% in midday New York trading.
- Reuters
UPDATE 3-India lifts ban on Krafton's mobile game BGMI
India has approved popular mobile game Battlegrounds Mobile India (BGMI) to be relaunched for a trial period after a 10-month ban, South Korean game developer Krafton said on Friday. South Korea's foreign affairs and culture ministries held meetings with their Indian counterparts to help lift the ban, a Krafton Inc representative said. The Indian government blocked BGMI, the flagship game made by Krafton last July, citing concerns about its data-sharing and mining in China.
ReutersIndia lifts ban on Krafton's mobile game BGMI
India has approved popular mobile game Battlegrounds Mobile India (BGMI) to be relaunched for a trial period after a 10-month ban, South Korean game developer Krafton said on Friday. South Korea's foreign affairs and culture ministries held meetings with their Indian counterparts to help lift the ban, a Krafton Inc representative said. The Indian government blocked BGMI, the flagship game made by Krafton last July, citing concerns about its data-sharing and mining in China.
InvestorPlace3 Chinese Stocks to Buy With Massive Growth Potential
With their groundbreaking strategies and relentless pursuit of efficiency, these Chinese stocks to buy in the technology sector may dominate the next bull run during the market recovery. The first one’s cloud business is set for exponential growth. Next is a company renowned for gaming and social media that’s diversifying. Finally, the thirdis China’s second-largest e-commerce platform. These Chinese stocks to buy are at the forefront of their respective industries. They have the potential of co
BloombergUBP's Vey-Sern Ling on Alibaba, Tencent
UBP Managing Director Vey-Sern Ling discusses Tencent's earnings results. He also previews Alibaba's results due Thursday. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets Asia".
BloombergTencent’s Sales Rebound Though Concerns Persist on China Outlook
(Bloomberg) -- Tencent Holdings Ltd. posted its fastest pace of revenue growth in more than a year but earnings missed estimates, reflecting an uneven internet sector recovery during China’s post-pandemic reopening.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsWall Street Fears $1 Trillion Aftershock From Debt DealThe $120
