TCEHY - Tencent Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
+0.10 (+0.20%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close50.27
Bid0.00 x 0
Ask0.00 x 0
Day's Range49.97 - 50.52
52 Week Range31.54 - 54.84
Avg. Volume3,387,543
Market Cap484.366B
Beta (3Y Monthly)1.11
PE Ratio (TTM)37.17
EPS (TTM)1.36
Earnings DateN/A
Forward Dividend & Yield0.13 (0.28%)
Ex-Dividend Date2019-05-16
1y Target Est54.53
Trade prices are not sourced from all markets
  • Bloomberg6 hours ago

    Nintendo Soars as Tencent Wins Switch Game Approval in China

    Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice on the website of China’s Guangdong provincial culture and tourism department. A Nintendo spokesman confirmed that Tencent had applied for the sale of Switch hardware, but could not comment specifically on the Guangdong approval, saying it was just one part of the entire process. Nintendo’s stock surged 14 percent, the most since July 2016 at the height of the Pokemon Go frenzy.

  • Financial Times11 hours ago

    Nintendo shares soar on prospect of Tencent tie-up over Switch

    Shares in Nintendo soared over 15.5 per cent to a six-month high in early trading in Tokyo on Friday on the prospect that the maker of Super Mario could begin selling its Switch video-gaming console in China for the first time. On Thursday, after navigating a long and complex negotiation with the authorities in Guangdong province, China’s Tencent won a landmark approval that would, in theory, allow it to sell the Switch machine throughout the world’s largest games market. Nintendo has remained wary of the Chinese market since Beijing lifted its ban on sales of foreign games consoles in 2014, but the sheer global power of its most famous characters — a pantheon that includes Mario, Zelda and Donkey Kong — means they are already widely recognised and loved.

  • Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval
    Reuters12 hours ago

    Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval

    Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video games market. Friday's jump sent the shares to their highest price since October and pushed the year-to-date gain to 32 percent. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong allowed Tencent to distribute the Switch console with a test version of the "New Super Mario Bros. U Deluxe" game.

  • CNBC12 hours ago

    Nintendo shares surge more than 14% after tie-up with Tencent to sell Switch console in China

    Nintendo has partnered with Tencent to bring the Switch console to China. Nintendo shares surged on the news as investors hope it can work with Tencent to find success in the world's largest gaming market. Analysts cautioned that there are still regulatory hurdles to overcome and that the Switch wouldn't be immediately available.

  • Why Nintendo Stock Popped Today
    Motley Fool20 hours ago

    Why Nintendo Stock Popped Today

    The Switch console is finally headed to China. Here's what investors need to know.

  • Chinese Stock Market Investors Expanding Their Portfolios To U.S.
    Investor's Business Daily23 hours ago

    Chinese Stock Market Investors Expanding Their Portfolios To U.S.

    As China's affluent middle class continues to grow, so has their desire to invest more of their money in stock markets, including a strong interest in the market for U.S. equities.

  • Alibaba Stock Has Several Catalysts to Drive Its Growth Story Further

    Alibaba Stock Has Several Catalysts to Drive Its Growth Story Further

    Alibaba (NYSE:BABA) stock has rewarded shareholders handsomely so far in 2019. Alibaba was founded in Apr 1999 and had its IPO in Sept 2014 -- at an initial price of $92.7. On Apr. 15, the stock price closed at $183.07. In the past two decades, BABA has become a highly regarded global company, and Alibaba stock offers U.S. investors the chance to invest in the growing Chinese consumer and e-commerce markets. As its second decade ends, the group is increasingly focusing on becoming a social hub.Source: Shutterstock Although there might be volatility in BABA shares in the coming weeks as the global e-commerce platform gets ready to report earnings in early May, long-term investors may regard any upcoming dip in the stock price as an opportunity to buy into the shares. Here is why: Alibaba Stock Has Robust FundamentalsOnline shopping represents about 35% of China's total $5.5 trillion retail market -- and BABA has a 53.3% share. Alibaba's Tmall and Taobao are China's largest online business-to-consumer and consumer-to-consumer marketplaces respectively. One highlight from the company's past quarter is that its mobile monthly active users (MAUs) on the e-commerce platforms have now reached 699 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Spring Season Growth For example, with the successful Taobao app, users share product reviews, watch webisodes, or live-stream various tutorial. As the time spent on the app increases, so does the money spent on the e-commerce marketplace.As Alibaba gets ready to release its quarterly results in early May, investors who are seeking capital appreciation should keep in mind the company's dominant position in the Chinese e-commerce space. In its earnings report, investors should pay attention to four areas of revenue: * Core commerce (its largest segment which showed 40% year-over-year, YOY, growth); * Cloud computing (which showed 84% YOY growth); * Digital media and entertainment (which showed 20% YOY growth); and * Innovation initiatives (which showed 73% YOY growth).The company's latest quarterly earnings on Jan 30 showed that BABA's gross profit margin is over 45%. Many analysts expect its revenue to continue growing at double-digit-percentage rates, at an average of 20% annually, through both organic growth and acquisitions.It is also important to note that much of its recent growth has been coming from less populated areas of China. At present, around half of China's 1.4 billion citizens reside in rural areas and reaching out to these consumers has become a top priority for Alibaba.The fact that the company is not highly leveraged also contributes to my upbeat view of Alibaba's management and balance sheet. Its 'current ratio', which measures BABA's ability to pay its short-term debt, stands at a healthy 1.25.Although the Chinese economy may slow further in 2019 or even 2020, its GDP is still expanding at an average annual rate of 6% minimum. In other words, China's growing middle class will continue to drive increases in the country's consumer spending and in China's e-commerce market. And when average Chinese citizens have more money in their pockets, more of it can be spent on online shopping sites like Alibaba. Alibaba Is Diversifying in ChinaBABA's core business of online retail contributes to 88% of revenue. However, it's been branching out into other business ventures. This expansion is made possibly partly due to its steady free cash flow (FCF), which measures a company's ability to produce cash. Investors care a lot about FCF as it can be used in a discretionary manner, for example, to invest in growth opportunities and to strengthen Alibaba's balance sheet further.The e-commerce giant now has multiple equity stakes in growth companies in a plethora of industries, such as Ant Financial, the Chinese payments giant;, the local delivery company; and Alibaba Cloud, its cloud computing arm. The rapidly growing cloud business, which has brought in about 6% of total revenues in Q4 2018, has long-term growth potential and may help improve the company's margins further.Like Amazon (NASDAQ:AMZN), Alibaba is also paying considerable attention to developments in cloud computing and artificial intelligence (AI), two areas that will contribute to its bottom line and possibly boost BABA stock in coming years. The company announced that it is building its own AI chip to be used in various industries, such as self-driving cars.In its efforts to become a hybrid e-commerce platform that offers social shopping experiences to customers, especially to the tech-savvy youth, Alibaba has been increasing its exposure to social media platforms. For example, it owns 31% of Weibo (NASDAQ:WB), the Chinese microblogging company.Alibaba's Taobao marketplace has recently taken an 8% stake in Chinese anime streaming and entertainment company Bilibili (NASDAQ:BILI) whose users have an average age of 21. The company, which has about 92 million monthly active users, "covers genres and media formats, including videos, live broadcasting, and mobile games." Through this acquisition, Alibaba opens the door to reaching the Gen Z market in China better.BABA's Youku is now the third biggest video streamer in China, behind Tencent Holdings (OTCMKTS:TCEHY) and Baidu (NASDAQ:BIDU). And Alibaba is not shy to invest in the platform to create new content and bring in new subscribers so that it can increase its 22% share in the Chinese video streaming market.Finally, as China increasingly moves into a cashless society, the group's mobile platform, Alipay, is likely to grow exponentially. The digital wallet has already hit 1 billion users in more than 110 countries worldwide. In other words, investors are hopeful that these new ventures will become significant revenue contributors soon. BABA's International Growth Looks PromisingIn addition to its ever-growing presence in China, BABA has investments in start-ups in South Asia and Southeast Asia, too. Southeast Asia is en route to becoming the world's fourth largest economic region by GDP and analysts expect its e-commerce sector to expand tremendously within the next decade.Among the start-ups in those regions in which BABA has stakes are Paytm, an Indian digital-payments provider, and Lazada, a Singapore-based e-commerce company that is growing in overseas markets.The "Amazon of the East" has also set its eyes on moving west through partnerships with European companies, including Vodafone Group (NASDAQ:VOD) in Germany and El Corte Ingles in Spain. Many European companies are still discovering new ways to enter the Chinese market, and BABA may enable them to connect with Chinese customers faster. BABA's mobile payment network, Alipay, is also looking to expand in Europe.Such international growth will not only help increase the company's bottom line, but it will also enable BABA to diversify away from China, lowering the macro risk facing BABA stock. Is It Time to Invest in BABA Stock?The answer depends on your investment style and horizon, i.e., whether you are a short-term trader or a long-term-growth investor. BABA stock is a compelling long-term investment. I also believe that most of the adverse effects of the U.S.-China trade war have already been priced into Alibaba stock. If the two sides reach a deal that's seen in a positive light this year, BABA stock is likely to rally.Yet, the markets are likely to continue to be choppy in April and May, especially since many other tech heavyweights are expected to release their quarterly reports. The volatility of Alibaba stock is high, giving it a broad trading range, so short-term traders should proceed with caution in the coming weeks.As a result of the recent impressive run-up in the stock price, short-term technical indicators have become somewhat over-extended. Investors who pay attention to short-term oscillators should note that BABA's professional message has also become "overbought." So, in the next few weeks, there might be some profit taking in Alibaba stock. The Bottom Line on Alibaba StockAlibaba's growth in e-commerce, cloud computing, and other investments throughout China and globally make it a disruptor and a sound and long-term investment. 2019 has given Wall Street a glimpse of how great BABA's comeback could be as, year-to-date, the stock is up 33%.Therefore long-term investors could view any decline in the BABA stock price as an opportunity to buy the stock. By the end of 2020, I expect the stock to reach $230. * 10 S&P 500 Stocks to Weather the Earnings Storm However, traders with a short-term horizon should remember that there might be some profit-taking in the stock around the earnings report.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Alibaba Stock Has Several Catalysts to Drive Its Growth Story Further appeared first on InvestorPlace.

  • Faces an Executive Shakeup and Possible Layoffs
    Motley Foolyesterday Faces an Executive Shakeup and Possible Layoffs

    China’s biggest direct retailer faces tough growing pains.

  • ACCESSWIREyesterday

    AI Investments are Here to Stay, Start Your Research Now

    HENDERSON, NV / ACCESSWIRE / April 18, 2019 / Everywhere you turn, businesses are talking about Artificial Intelligence, especially in the public markets. You can be forgiven if you don't jump at investing ...

  • Tencent wins key approval to sell Nintendo's Switch in China

    Tencent wins key approval to sell Nintendo's Switch in China

    BEIJING/TOKYO (Reuters) - China's Tencent has won a key approval to start selling the Nintendo Switch in the country, paving the way for the console to enter the world's largest video games market two years after it was first released worldwide. Authorities in the southern Chinese province of Guangdong gave the green light on Thursday to Tencent Holdings to distribute the Nintendo Switch console with a test version of the "New Super Mario Bros. U Deluxe" game, a statement on the government's website showed. The need to navigate complex regulations and the search for a local partner have hampered Japanese gaming company Nintendo's efforts to bring its hybrid home-portable Switch console to China, holding back the development of console gaming there.

  • Reutersyesterday

    BRIEF-Nintendo Spokesman Says Tencent Has Applied To China's Guandong Provincial Authority To Begin Sale Of Nintendo Switch Console


  • What’s in the Autonomous Vehicle Market for Yandex?
    Market Realist2 days ago

    What’s in the Autonomous Vehicle Market for Yandex?

    Yandex Q1 Preview: Advertising, Cloud, Hardware, and Uber IPO(Continued from Prior Part)Yandex teams up with Hyundai on self-driving vehicles Yandex (YNDX) is among those technology giants that are putting their resources into developing vehicles

  • Gundlach Predicts What the Next Downturn Will Look Like
    Market Realist2 days ago

    Gundlach Predicts What the Next Downturn Will Look Like

    Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)

  • China’s Slowdown Concerns Decline amid Strong Data
    Market Realist2 days ago

    China’s Slowdown Concerns Decline amid Strong Data

    China’s Slowdown Concerns Decline amid Strong DataChina’s slowdown concerns China’s slowdown has been cited as the biggest risk for the global economy. Last year and at the beginning of 2019, there was a flurry of soft data points from China.

  • Pokémon Go meets CryptoKitties: Tencent launches ‘Let’s Hunt Monsters’
    Coin Rivet2 days ago

    Pokémon Go meets CryptoKitties: Tencent launches ‘Let’s Hunt Monsters’

    The Chinese blockchain game ‘Let’s Hunt Monsters’ has officially launched, and has already become the most downloaded free game on China’s iOS app store. The game was funded, developed, and launched by Tencent, a Chinese multinational investment holding conglomerate founded in 1999, headquartered in Shenzen. Most notably, Tencent created the massively popular multipurpose messaging app WeChat. A trailer for the new game emerged in April last year, which can be seen below. ‘Let’s Hunt Monsters’ appears to be inspired by Pokémon Go, which has had humongous global success. However, Pokémon Go is banned in China due to the country’s ban on Google, as the game relies heavily on Google Maps. As a result, there was an opening for a massively The post Pokémon Go meets CryptoKitties: Tencent launches ‘Let’s Hunt Monsters’ appeared first on Coin Rivet.

  • Has China’s Economy Avoided a Hard Landing?
    Market Realist3 days ago

    Has China’s Economy Avoided a Hard Landing?

    Where China's Economy Is Heading(Continued from Prior Part)China Last year, China’s slowdown was seen as the biggest risk for global markets. The country’s economic slowdown was amplified by its trade dispute with the United States (SPY).

  • Tencent Holding (TCEHY) Dips More Than Broader Markets: What You Should Know
    Zacks4 days ago

    Tencent Holding (TCEHY) Dips More Than Broader Markets: What You Should Know

    Tencent Holding (TCEHY) closed at $49.30 in the latest trading session, marking a -1.77% move from the prior day.

  • China’s Growth Could Surprise on the Upside This Year
    Market Realist4 days ago

    China’s Growth Could Surprise on the Upside This Year

    China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)China’s growthSeveral observers have cited China’s sputtering growth as the biggest risk for global markets. However, over the last few weeks, we’ve seen

  • Reuters4 days ago

    Asia's tech champions zero in on main street banking

    Asia's internet firms are challenging the region's traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online holiday bookings comes as regulators across Asia open up their banking sectors to a new breed of digital players.

  • Backer of, Grindr and Opera to invest $50M in self-driving startup
    TechCrunch7 days ago

    Backer of, Grindr and Opera to invest $50M in self-driving startup

    A games publisher in China is following the path of its larger peer Tencent toback a wide spectrum of startups for financial gains

  • Financial Times7 days ago

    Asian bond issuances in dollars, euros and yen hit record pace

    Asian bond issuances in dollars and other major currencies are at a record pace this year, as companies rush to make the most of dovish signals on interest rates from the US Federal Reserve and a greater willingness by Chinese regulators to approve the allotment of offshore debt. The number of bond sales — not including those from sovereign and supranational agencies or related groups — also rose to a record 220. “When the tap turns on in Asia, things come pretty thick and fast,” said Haitham Ghattas, co-head of financing solutions for Asia-Pacific at Deutsche Bank.