TCEHY - Tencent Holdings Limited
| Previous Close | 44.68 |
| Open | 44.85 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 44.84 - 45.41 |
| 52 Week Range | 39.80 - 61.00 |
| Volume | 8,162,400 |
| Avg. Volume | 5,058,750 |
| Market Cap | 415.603B |
| Beta | 1.28 |
| PE Ratio (TTM) | 35.55 |
| EPS (TTM) | 1.27 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.11 (0.25%) |
| Ex-Dividend Date | 2018-05-17 |
| 1y Target Est | 59.39 |
- Bloomberg•1 hour ago
Tencent’s Gaming Troubles Were Foretold by Its Nearest Rival
NetEase lacked any new blockbuster titles, came the complaint, and a recent game developed in-house was yet to show enough traction to warrant excitement among investors. Government bureau restructuring was causing a delay in game approvals, he said in response to a question from Deutsche Bank AG analyst Kim Han Joon. NetEase itself wasn't greatly affected because its game approvals process was already very long, he said.
- Bitcoin Magazine•8 hours ago
SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent
Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain.Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain. The new information comes on the heels of a report that shows Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH).According to last week's story, SoftBank and Tencent invested an undisclosed amount of money in the world's most valuable bitcoin mining rig maker, bringing its valuation to about $15 billion a few weeks before its planned Hong Kong IPO. Originally published on the Chinese platform QQ on August 4, 2018, the story was rapidly reproduced and reblogged around the world, It claimed that the funding round was made up of several investors including China Gold, SoftBank and Tencent.Crypto news publication Cointelegraph reports, however, that following last week's widely syndicated story, an anonymous source reached out with a tip stating that neither SoftBank nor Tencent were actually involved in the pre-IPO funding round. Responding to Bitcoin Magazine ’s request for comment, Kenichi Yuasa of SoftBank's corporate communication office called the rumors “background talk” not worth mentioning, stating: Neither the SoftBank Group Corp. nor the SoftBank Vision Fund were involved in the deal. SoftBank has been noted for its interest in blockchain technology, having trialed a blockchain-based, cross-carrier telecom payment system in September 2017. Tencent, for its part, is now counted as a truly global tech player, having surpassed Facebook's market capitalization in 2017. Investment from either of these behemoths would not only strengthen Bitmain's financial position but would also indicate to the market that they believe in its long-term growth potential.Conversely, if the story was shared with an intent to deceive the market, this could lend credence to a growing number of voices that believe that Bitmain is not inhabiting the fantastic market space it claims to be. Blockstream Chief Strategy Officer Samson Mow is one of those voices. On August 11, 2018, Mow posted a tweet showing Bitmain's Q1 2018 results with the following comment:Why is Bitmain raising capital so fast & only showing Q1 results to pre-IPO investors? We're well into Q3 now. The reason is Q2 was a disaster. Bitmain is sitting on a massive $1.24 billion in inventory & S9 prices dropped by ~85%! Q2 losses range in the $600-700 millions.In response, other voices around the crypto world have also been speculating about Bitmain's exact market position. Some opine that it is possible that Bitmain is not being totally upfront about its market position, in essence sitting on an extensive inventory of unsold miners in a bear market and trying to use an IPO as an exit strategy to leave investors figuratively holding the bag.Responding to a request for comment from Bitcoin Magazine Tina Dang from Bitmain's International PR and Communications Department said, "Unfortunately, we are unable to comment on these topics."Updates to follow as this story develops. This article originally appeared on Bitcoin Magazine.
- Zacks•10 hours ago
Mellanox Technologies, Tencent Holdings, Vishay Intertechnology, Cypress Semiconductor and ON Semiconductor highlighted as Zacks Bull and Bear of the Day
Mellanox Technologies, Tencent Holdings, Vishay Intertechnology, Cypress Semiconductor and ON Semiconductor highlighted as Zacks Bull and Bear of the Day
- Reuters•13 hours ago
BRIEF-Union Medical Healthcare Says Co & Tencent Doctorwork To Jointly Establish Primary Care Clinics
Aug 21 (Reuters) - Union Medical Healthcare Ltd: * TENCENT DOCTORWORK & CO ASCERTAIN TO JOINTLY ESTABLISH PRIMARY CARE CLINICS IN HONG KONG * CURRENT INITIAL CAPITAL INVESTMENT IS EXPECTED TO BE NO LESS ...
- Motley Fool•yesterday
3 Top Stocks That Aren't on Wall Street's Radar
Analysts are currently ignoring Control4, Tencent Holdings, and Sturm, Ruger -- but you shouldn't be.
- Motley Fool•yesterday
A Foolish Take: The World's Top 5 Video Game Markets
Gamers in five countries could generate close to $98 billion in revenue this year.
- Motley Fool•yesterday
Tencent Bears Need a Reality Check
Profits declined for the first time in a decade, but this company will be just fine.
- The Wall Street Journal•2 days ago
[$$] Models Will Run the World
Marc Andreessen’s essay “Why Software is Eating the World” appeared in this newspaper Aug. 20, 2011. Mr. Andreessen’s analysis was prescient. The companies he identified—Netflix, Amazon, Spotify—did eat their industries.
Bloomberg•2 days agoSport or Sellout? Debate Rages Over Gold Medals for Video Games
As athletes gather for Asia’s biggest sporting event in Jakarta this week, much of the attention will be on computer mice and chunky headphones. For the first time, the Asian Games -- the Olympics equivalent for the world’s most populous continent -- will include computer game competitions alongside swimming and track-and-field. Contestants from Saudi Arabia to Japan will battle for national pride and bragging rights across six titles, including League of Legends and StarCraft II in a huge marketing coup for publishers like Tencent Holdings Ltd. and Activision Blizzard Inc.
- Reuters•2 days ago
Wall Street Week Ahead: Chinese internet stock sell-off may shake faith in FANGs
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook, Amazon, Netflix and Alphabet have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index is up 16 percent in 2018, making tech Wall Street's top performer.
- Motley Fool•3 days ago
Tencent's Biggest Business Becomes a Major Liability
The company’s gaming business faces formidable headwinds.
Reuters•4 days agoChinese internet stock sell-off may shake faith in FANGs
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index (.SPLRCT) is up 16 percent in 2018, making tech Wall Street's top performer.
- Reuters•4 days ago
Tencent-backed Qutoutiao files for U.S. IPO
Qutoutiao, which means "fun headline", collects articles and short videos from professional media and freelancers and presents customized feeds to users on its namesake mobile application. The Shanghai-based company said it plans to have its American Depository Shares listed on the Nasdaq under the ticker symbol "QTT". The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.
- InvestorPlace•4 days ago
Should You Buy 58.Com Inc After Boffo Earnings?
A key is that the US and China have agreed to resume negotiations on trade. The company operates the largest online marketplace for local merchants and consumers in China, in terms of MAUs (Monthly Active Users). On the heels of the latest earnings report, WUBA stock spiked 11% to $65.22 million.
- Reuters•4 days ago
Tencent-backed Qutoutiao files for U.S. IPO
Qutoutiao, which means "fun headline", collects articles and short videos from professional media and freelancers and presents customized feeds to users on its namesake mobile application. The Shanghai-based company said it plans to have its American Depository Shares listed on the Nasdaq under the ticker symbol "QTT". The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.
- Bloomberg•4 days ago
Tencent-Backed News Site Qutoutiao Files to Go Public in U.S.
Qutoutiao Inc., the Chinese news and video aggregation app backed by Tencent Holdings Ltd., filed for a U.S. initial public offering, saying it had an almost seven-fold increase in revenue for the first half of the year as losses also grew. The Shanghai-based company listed its offering size as $300 million in its filing Friday with the U.S. Securities and Exchange Commission.
- Motley Fool•4 days ago
A Lesson on the Perils of Investing in China
Tencent offers a a textbook example of what can -- and does -- happen.
- ETF Trends•4 days ago
U.S. Tech ETFs Extend Leads Over China Rivals
Shares of Chinese technology giant Tencent Ltd. (TCEHY) recently slumped, weighing on a slew of China technology exchange traded funds in the process. The Invesco China Technology ETF (CQQQ) is lower by 17.57% over the past month. “Seven U.S.-listed ETFs with at least $200 million in assets and a 13 percent cumulative weighting toward Baidu, Alibaba and Tencent are down double digits this year,” according to Bloomberg.
- Reuters•4 days ago
BRIEF-Tencent Music Could Generate Revenue Less Than Half Of Spotify's Projected $6 Billion This year - The Information
Aug 17 (Reuters) - * U.S. INVESTORS HAVE AGREED TO BUY PRIVATE STOCK IN TENCENT MUSIC FROM EARLIER SHAREHOLDERS AT A VALUATION BETWEEN $28-$30 BILLION - THE INFORMATION * TENCENT MUSIC THIS YEAR COULD ...
- Moody's•4 days ago
Tencent Holdings Limited -- Moody's: Tencent's 1H2018 results in line with expectations; ratings unaffected
Moody's Investors Service says that Tencent Holdings Limited's (A1 stable) operating results for the first half of 2018 were in line with expectations, and have no impact on its rating or outlook. "Benefiting from increased revenue diversification, Tencent was able to offset the volatility and near-term weakness in its games business," says Lina Choi, a Moody's Vice President and Senior Credit Officer. Moody's expects Tencent's revenue to rise 25%-35% in the next 12-18 months as the company continues to expand its internet products and services and monetize its large Weixin and WeChat active user base, which reached 1.06 billion monthly active users as of 30 June.
Reuters•4 days agoChinese internet stock sell-off may shake faith in FANGs
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index (.SPLRCT) is up 16 percent in 2018, making tech Wall Street's top performer.
- Bloomberg•5 days ago
Yuan Squeeze, Gaming Freeze, Tencent: A Week in China's Markets
Yuan bears feel the squeeze even as the currency drops for a 10th week, Hong Kong has a slew of nasty earnings surprises, and Tencent Holdings Ltd. drags Chinese tech into a bear market. Here’s a roundup of what we’ve been talking about in China markets this week. Don’t fight the People’s Bank of China.
- Bloomberg•5 days ago
Tencent’s Troubles Go Deeper Than a Pause on Games
Investors and analysts who think that all Tencent Holdings Ltd. needs is for Beijing to restart the approval of new games may be missing the bigger picture. Troubles at the Chinese internet giant started late last year, well before the regulatory foot-dragging on the monetization of PUBG Mobile that culminated in a halt on licenses for the games. Fourth-quarter numbers showed quite clearly that Tencent had joined the ranks of internet mortals.
- Bloomberg Video•2 days ago
Chinese Tech Companies Facing 'Bit of a Struggle,' Frost & Sullivan Says
Aug.19 -- Ajay Sunder, vice president of information and communication technology at Frost & Sullivan in Singapore, talks about Chinese technology companies including Alibala Group and Xiaomi. He speaks with Ramy Inocencio and Yvonne Man on "Bloomberg Daybreak: Asia."
