|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.64 - 45.25|
|52 Week Range||31.54 - 54.84|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||33.05|
|Forward Dividend & Yield||0.13 (0.26%)|
|1y Target Est||55.86|
Leo Sun of The Motley Fool says Alibaba is probably the "better stock" because it has much better growth than Tencent. He says there may still be 10% upside to Alibaba's share price.
Howard Wang of J.P. Morgan Asset Management says the bank is "not terribly worried" about the longer term prospects for Tencent. He says it has an "incredibly sticky" set of subscribers.
May.16 -- Alibaba Group Holding Ltd. posted sales and earnings that topped estimates, while Tencent Holdings Ltd. reported the slowest pace of sales growth since it went public in 2004. Stephen Engle reports on "Bloomberg Daybreak: Australia."
As trade worries flared up again, the spotlight turned to Chinese stocks this week. -- all reported their quarterly earnings within days of each other, giving investors a glimpse into how the Chinese internet economy is weathering renewed trade tensions and other macro factors. Trade negotiations between the White House and Beijing broke down several days ago, leading to a $60 billion retaliatory tariff by China on U.S. goods and roiling the markets on Monday.
If you're looking to invest in the growing popularity of video games, you might want to start by considering these sector winners.
The Composite is still more than 20% above its December lows -- even in the face of trade jitters -- so I am not adding Chinese stocks to my clients' portfolios just yet. , but, again, those stocks trade on U.S. exchanges, not Shanghai's big board. This is becoming more relevant for global investors, as MSCI will quadruple the weight of domestically-listed China "A shares" to 3.3% of its global index weighting by the end of the year.
Latest earnings report hints that the tech giant should spin off its fragmented and unprofitable digital-media platforms.
Alibaba Group and Tencent Holdings Limited released earnings on the same day this week. Here's who came out on top.
Tencent: Key Takeaways from Its Q1 EarningsTencentTencent (TCEHY) released its first-quarter earnings on May 15. The company reported revenues of $12.7 billion—a rise of 16% YoY (year-over-year). However, the company’s revenues missed the
Tencent's (TCEHY) first-quarter results benefit from robust FinTech and Business Services revenues despite weakness in on-line games business.
As Chinese tech juggernauts Alibaba and Tencent navigate a challenging business environment, one analyst says the former is the better stock to own now.
The focus to restrict Huawei's access to American companies appears to be motivated by concerns regarding secrecy and intellectual property, but the firm is also a main competitor to many U.S. telecom equipment businesses, according to Gil Luria.
Video games and social media sound more glamorous than cloud computing. Tencent needs the boost. Gross margins continued a multiyear decline to 47 per cent. First-quarter sales growth was the lowest on record.
(Bloomberg) -- Tencent Holdings Ltd. reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.
More than 80% of reviews on Apple’s Chinese app store have been negative since the title’s debut on May 8, Sensor Tower judges. “Even though it’s playable, it feels so weird for us veteran gamers,” one online commentator wrote. Following a 2018 crackdown on money-making licenses, Tencent pulled popular but gory PlayerUnknown’s Battlegrounds last week and swapped it out for the toned-down Game for Peace, developed in-house.
China-based Tencent Holdings reported first-quarter results before the market open Wednesday that missed revenue estimates as growth continued to slow for the messaging and gaming giant.
Perhaps the biggest positive within Tencent's report: The company's giant online gaming operations, which have been stung badly in recent months thanks to a temporary Chinese government halt on game monetization approvals, did better than expected. While Tencent's online games revenue was roughly flat annually at RMB28.51 billion, it was up 18% sequentially. In addition, gaming cash receipts, which can differ from revenue thanks to the fact that revenue recognition for some gaming transactions is deferred, rose 10% annually.
Tencent earnings for the first quarter of the year have TCEHY stock falling on Wednesday.Source: Shutterstock Tencent (OTCMKTS:TCEHY) reported earnings per share of 32 cents for the first quarter of 2019. This is a drop from the company's earnings per share of 35 cents from the same period of the year prior. However, it still manages to match Wall Street's earnings per share estimate for the quarter, but couldn't stop TCEHY stock from falling today.The Tencent earnings report for the first quarter of the year also includes net income of $4.14 billion. This represents a 16% increase over the company's net income from the first quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income reported by Tencent for the first quarter of 2019 comes in at $5.46 billion. This is up 20% over the Chinese investment company's operating income reported during the same time last year.Tencent earnings for the first quarter of the year have revenue coming in at $12.69 million. That has the company's revenue increasing 16% from the first quarter of the previous year. Unfortunately for TCEHY stock, this still wasn't enough to reach Wall Street's revenue estimate of $12.81 billion for the period. * 10 Retirement Stocks That Won't Wilt in a Bear Market Part of what was dragging Tencent revenue down during the quarter was its Online Game division. The company notes that it saw revenue from the Online Game division decrease by 1% from the same time in 2018.TCEHY stock was down 2% as of noon Wednesday, but is up 19% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Tencent Earnings: TCEHY Stock Dips on Mixed Q1 appeared first on InvestorPlace.
The Chinese tech titan topped first-quarter earnings views, but the top line missed. The government clamped down on gaming last year, and one analyst expects Tencent’s new titles to boost revenue in the second half.