TCEHY - Tencent Holdings Limited
| Previous Close | 47.06 |
| Open | 46.96 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 46.40 - 47.49 |
| 52 Week Range | 31.54 - 55.50 |
| Volume | 3,840,649 |
| Avg. Volume | 3,712,433 |
| Market Cap | 442.039B |
| Beta (3Y Monthly) | 1.15 |
| PE Ratio (TTM) | 34.69 |
| EPS (TTM) | 1.36 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.11 (0.24%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 50.10 |
- TechCrunch•42 minutes ago
Razer hooks up with Tencent to focus on mobile gaming
Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company -- which sells laptops, smartphone and gaming peripherals -- said today it is working with Tencent on a raft of initiatives related to smartphone-based games. Some of the objectives include optimizing Tencent games -- which include megahit PUBG and Fortnite -- for Razer's smartphones, mobile controllers and its Cortex Android launcher app.
- Reuters•3 minutes ago
Tencent posts worst ever profit drop on gaming freeze, one-off charges
Tencent Holdings, Asia's second-most valuable listed firm, reported on Thursday a sharper-than-expected 32 percent fall in fourth-quarter profit, the most on record for a quarter, as a regulatory review by China weighed on its gaming business. The lower-than-expected profit was also attributable to one-off charges of 2.1 billion yuan ($313.90 million) related to Tencent Music Entertainment and other portfolio companies.
- Bloomberg•32 minutes ago
Tencent Profit Misses Estimates as Games Slip, Costs Swell
Net income fell 32 percent to 14.2 billion yuan ($2.1 billion) in the three months ended December, missing the 17.55 billion-yuan average of estimates and reflecting share issues and impairment provisions for companies it’s invested in. The social media titan is also grappling with an economic slowdown that’s depressing advertising. It’s turned to spending to sustain growth, investing in everything from cloud computing and entertainment to retail, locking horns with Alibaba Group Holding Ltd.
- TheStreet.com•42 minutes ago
Tencent Posts Record Q4 Profit Slump as China Video Game Ban Hives Earnings
posted its biggest-even profit decline Tursday, as a nine-month ban on new video game approvals in China clipped the tech giant's bottom line. Tencent said net profit for the three months ending in December came in at 14.299 billion yuan, missing the consensus forecast and falling 32% from the same period in 2017. Smartphone games sales rose 19% to 19 billion, Tencent said and were up 24% for the whole of 2018 to 77.8 billion.
- Reuters•45 minutes ago
Tencent fourth-quarter profit drops 32 percent, steepest quarterly fall ever
HONG KONG (Reuters) - Tencent Holdings said on Thursday net profit for the quarter ended December fell a sharper-than-expected 32 percent, the most on record for a quarter, as a regulatory review weighed ...
- Reuters•53 minutes ago
BRIEF-Razer Announces Mobile Gaming Collaboration With Tencent
March 21 (Reuters) - Razer Inc: * RAZER ANNOUNCES MOBILE GAMING COLLABORATION WITH TENCENT Source text for Eikon: Further company coverage:
- Bloomberg•9 hours ago
Tencent to Consider Bid for $3 Billion A.S. Watson Stake
The Singapore state investment company is considering selling around a 10 percent stake in A.S. Watson for about $3 billion, according to the people, who asked not to be identified because the information is private. Tencent may team up with some investment funds for an offer for the stake in A.S. Watson, which is a unit of Hong Kong tycoon Victor Li’s CK Hutchison Holdings Ltd., the people said. The holding has also drawn interest from Chinese tech billionaire Jack Ma’s Alibaba Group Holding Ltd., according to the people.
Bloomberg•10 hours agoTencent Sees the Best Run-up Prior to Earnings Release in Years
The most valuable stock in Asia has added 3.2 percent in the past week, the best run-up prior to any release since its 2017 first-quarter update, according to data compiled by Bloomberg. The Chinese Internet giant, which is only just recovering from one of its darkest periods, will report results after Thursday’s close of trading in Hong Kong. The bank has a buy rating on Tencent and a price target that implies a 12 percent rally in the next year.
- Reuters•11 hours ago
Tencent to post steepest profit fall in 13 years on games setback
Tencent Holdings is set to report on Thursday its sharpest quarterly profit decline in more than 13 years, as its failure to launch new blockbuster games due to China's regulatory review capped revenue growth. China resumed new gaming approvals in December after a nine-month hiatus partly due to concerns over violent content and gaming addition. Investors will be keenly watching for updates from Tencent's top management about the games approval process and whether it will participate in a multi-billion-dollar bid for South Korean gaming firm Nexon to beef up its games portfolio.
- Market Realist•17 hours ago
More Action: US-China Trade Talks Resume Next Week
More Action: US-China Trade Talks Resume Next WeekUS-China trade talks The US and China have held four rounds of trade talks since President Trump and President Xi Jinping agreed to a 90-day truce last year. President Trump extended the truce
- Market Realist•20 hours ago
Why Tencent Has Been in the News Lately
Tencent’s Q4 Earnings: Analysts' Expectations(Continued from Prior Part)In the news Tencent (TCEHY) has been in the news for the last few days. According to Bloomberg, Tencent “is weighing a bid for part of Temasek Holdings Pte’s stake in
- Bloomberg•21 hours ago
Metro's $1.5 Billion China Sale Draws Tencent, Citic PE Interest
The business, which could fetch at least $1.5 billion, has also drawn interest from local supermarket operator Yonghui Superstores Co., the people said. The German retailer is willing to sell as much as 80 percent of the Chinese business while retaining a significant minority if an attractive offer is made, Bloomberg News reported last month. The company picked Citigroup Inc. and JPMorgan Chase & Co. to run a review of its Chinese business, people with knowledge of the matter said last year.
- InvestorPlace•21 hours ago
EBIX Stock Is Risky at Best but Still Worth a Good Hard Look
Insurance data company Ebix (NASDAQ:EBIX) has been evolving and increasingly, Ebix stock has started a slow march up. It's a pleasant surprise as I first ran into this company almost a decade ago, when I was still at ZDNet.At the time they were buying a health care information company called A.D.A.M., for $66 million. I recently found my story on the Ebix Web site.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, Ebix has ridden a lot of ups and downs. The stock traded as low as $9.26 per share in 2012. But it found its footing and rose to as much as $83 per share last year. It opens for trade March 12 at about $51.30 per share.Ebix is worth looking at again because it's no longer the company it was. It's a broader company, with interests in insurance as well as health care. It is also much more focused on India, which is where CEO Robin Raina hails from.That's the real story. * Top 7 Service Sector Stocks That Will Pay You to Own Them Payment Innovation and Ebix StockTransaction processing has long been an American lake, dominated by Visa (NYSE:V), MasterCard (NYSE:MA), and their networks of processing partners, many of which have operations in Atlanta, where Ebix is based in the suburban town of John's Creek.But India's government recently pushed through a powerful transaction processing innovation, a Unified Payments Interface that has made India the innovation center of the global payments industry.Not only did India create a low-cost payment infrastructure, it also pushed people to use it, banning high-denomination bills to fight tax evasion and pushing commerce into the new system.The rise of low-cost digital payments has boosted Alibaba Group Holding (NASDAQ:BABA), Tencent Holding (OTCMKTS:TCEHY) and even American companies like Alphabet (NASDAQ:GOOGL) and Facebook (NASDAQ:FB), all of which have taken advantage of the new infrastructure, at the expense of banks and traditional processors.This is what Ebix is tapping into. India Moves and Ebix StockEbix' market cap is barely $1.5 billion, but U.S. dollars go a long way in India.The company has made 11 deals in India in just 14 months, all in various areas of ecommerce infrastructure. The purchases cost about $500 million. Raina wants to invest another $500 million this year, and take what had been the remittance system ItzCash, now renamed EbixCash, public.Raina's latest deal, announced March 11, is a proposal to buy Yatra Online (NASDAQ:YTRA), the ticketing firm behind Yatra.com, an Indian rival to Expedia (NASDAQ:EXPE) or Booking Holdings (NASDAQ:BKNG).The company had already bought 80% of Zillious, another online travel booker. The plan is to make Yatra part of EbixCash, then take the whole thing public.On March 1, Ebix announced its revenue for 2018 was up 37% to $497.8 million and a few days later it announced plans to be at a run rate of $750 million by the end of this year. The country's footprint in India is large enough for it to sponsor one of the country's leading business conferences and host the country's Prime Minister, Narendra Modi. The Bottom Line on Ebix StockIndia is one of the world's fastest growing economies, and electronic transactions, thanks to government help, are one of the fastest-growing parts of that economy.Ebix has transformed itself, in barely a year, from a small American company focused on health payments into a real competitor inside this enormous opportunity.It has taken real risks to do this, with long-term debt of $274 million and a revolving line of credit worth another $424 million. Its operating cash flow, $89.8 million last year, can hardly keep up.Ebix is all-in on India and has made itself a speculative stock in the process. But speculating on Ebix stock is worthwhile, and if you want that kind of international exposure, here it is.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post EBIX Stock Is Risky at Best but Still Worth a Good Hard Look appeared first on InvestorPlace.
- Market Realist•22 hours ago
Tencent’s Q4 Earnings: Analysts’ Expectations
Tencent’s Q4 Earnings: Analysts' ExpectationsTencentTencent (TCEHY) is expected to release its fourth-quarter earnings on March 21. Analysts polled by Thomson Reuters expect the company’s revenues to rise 2.1% sequentially to 82.2 billion
- InvestorPlace•23 hours ago
Investors Wonder If Tencent Stock Is Worth Buying for a Potential Breakout?
Shares of Tencent Holdings (OTCMKTS:TCEHY) had a bumpy ride over the past year, as the video game industry worked through some tough headlines. TCEHY stock is still down more than 20% as worries over the gaming industry and the Chinese-U.S. trade war tamps the shares.However, Tencent stock has been on the rebound over the past few months. What's driving it? For one thing, while the trade war persists, the rhetoric is softening. This is sending TCEHY, Alibaba (NYSE:BABA), iQiyi (NASDAQ:IQ)- the Netflix (NASDAQ:NFLX) of China -- and a number of other Chinese equities higher.As well, while the gaming industry has been under pressure, one of the few bright spots has been Fortnite. The game is owned by Epic Games, which has is 40%-owned by TCEHY. Not only has this helped buffer the blow that other gaming stocks have suffered, but China is starting to come around on gaming as well. The country -- which sparked a big decline in video game stocks during the fourth quarter -- began banning and holding off on new video game approvals. It's since relaxed a bit, although it's far from an open market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese catalysts have allowed Tencent stock to rally from a $32 low in November to $47 now. After such a hearty move higher, investors are asking themselves if there's still room left to rally. Valuing Tencent StockAlibaba is a well-known Chinese conglomerate, commanding a market cap of more than $472 billion. However, many do not realize that Tencent stock sports a valuation just a bit south of that, at $442 billion. * Top 7 Service Sector Stocks That Will Pay You to Own Them Those who are somewhat familiar with TCEHY know the company has video game exposure. But they often don't realize just how big of a company it is. Tencent has a huge social media unit, video subscriptions, online advertising and "other," which includes units like cloud services and payment-related services.As with any large company like this, some of its businesses are underwhelming, while other are showcasing strong growth. For instance, last quarter, Tencent's value-added services (VAS) business grew just 5%, as online game revenue fell 4%. However, social networks revenue jumped 29%, online advertising revenue climbed 47% and cloud revenue more than doubled.Some investors may have an issue with Tencent stock and its valuation. Making matters worse, discovering good analysis on TCEHY stock isn't exactly easy. Despite the company's large size, it has very few analysts covering the name. For instance, if you head over to Yahoo! Finance, there are only estimates from one analyst. They predict earnings of $1.26 per share, valuing the stock at about 36.5 times earnings. * 15 Stocks That May Be Hurt by This Year's Big IPOs That's not exactly cheap, even if their prediction calls for roughly 20% earnings growth next year. That said, revenue growth should be strong. The company generated $35.4 billion in sales last year and is expected to grow revenue 30% this year. With just one quarter left in fiscal 2018, it's not too early to look ahead to fiscal 2019, where expectations call for 26.4% revenue growth. With this growth, TCEHY stock has a more palatable valuation. Trading TCEHY Stock Click to EnlargeTo be sure, TCEHY stock is not the most popular name in the investment world and, as a result, volume is far from robust. You'll notice the "spotty" chart above reflects this situation in Tencent stock. But that does not mean it is without pattern.A look at the Tencent stock chart shows a very notable uptrend, as the shares knock on overhead resistance. $46 is one level of note, while $48 is the other. I would love to see the stock push higher, particularly above $46. If it can get above this level, it will remain on its path to $54, about 15% above current levels.Keep in mind, a pullback to uptrend support could shave a few dollars off Tencent stock. But so long as it holds, it should continue to do well. At this rate, investors can also use the 50-day moving average at the barometer for TCEHY's uptrend. Above, and the stock is still okay. Below and we'll have to re-evaluate.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long IQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Investors Wonder If Tencent Stock Is Worth Buying for a Potential Breakout? appeared first on InvestorPlace.
- Reuters•yesterday
BRIEF-Tencent To Consider Bid For $3 Billion A.S. Watson Stake - Bloomberg
March 20 (Reuters) - * TENCENT TO CONSIDER BID FOR $3 BILLION A.S. WATSON STAKE - BLOOMBERG Source text: https://bloom.bg/2TLJhW4
- Reuters•yesterday
Tencent weighs bid for part of Temasek's stake in A.S. Watson - Bloomberg
Chinese technology company Tencent Holdings Ltd is considering a bid for part of Singapore state investor Temasek Holdings (Private) Ltd's stake in beauty and health retailer A.S. Watson, Bloomberg reported on Wednesday, citing sources. Temasek is weighing selling around a 10 percent stake in A.S. Watson for about $3 billion, the report https://bloom.bg/2JlLmmv said. The stake has also drawn interest from e-commerce giant Alibaba Group Holding Ltd, according to the report.
- Investor's Business Daily•2 days ago
Cloud Gaming Is Poised To Shake Up The Video Game Industry
Cloud gaming represents the next major frontier for the video game industry. As the focus of gaming shifts from consoles to streaming from data centers, it could bring forth new leaders.
- Zacks•2 days ago
Tencent (TCEHY) to Report Q4 Earnings: What's in the Cards?
Tencent's (TCEHY) fourth-quarter results are likely to be hurt by the stalled video game approval process in China that was in place for the majority of 2018.
