U.S. markets open in 2 hours 37 minutes

Tencent Holdings Limited (TCTZF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
78.92+2.69 (+3.52%)
At close: 3:53PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close76.24
Open76.75
Bid0.00 x 0
Ask0.00 x 0
Day's Range76.75 - 78.92
52 Week Range40.03 - 78.92
Volume12,168
Avg. Volume27,309
Market Cap747.963B
Beta (5Y Monthly)1.00
PE Ratio (TTM)58.25
EPS (TTM)1.36
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 17, 2019
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • PUBG Mobile to terminate access for users in India on October 30 following ban order
    Editor's Pick
    TechCrunch

    PUBG Mobile to terminate access for users in India on October 30 following ban order

    PUBG Mobile, the sleeper hit mobile game, will terminate all service and access for users in India on October 30, two months after New Delhi banned the game in the world’s second largest internet market over cybersecurity concerns. India on September 2 banned PUBG Mobile Nordic Map: Livik and PUBG Mobile Lite, along with more than 100 apps with links to China. The ban came after India banned TikTok and dozens of other popular Chinese apps in late June.

  • Prosus Targets $5 Billion Buyback in Plan to Cut Tencent Gap
    Bloomberg

    Prosus Targets $5 Billion Buyback in Plan to Cut Tencent Gap

    (Bloomberg) -- Prosus NV plans to buy back a combined $5 billion of shares in itself and its South African parent Naspers Ltd. in a move designed to boost shareholder value and narrow a discount between the e-commerce giant and its stake in Tencent Holdings Ltd.The group will aim to pick up $1.37 billion of its own stock and $3.63 billion of Naspers, Amsterdam-based Prosus said in a statement on Friday. The purchase will start following the release of half-year earnings on Nov. 23.“Over the years, our group has achieved improved financial flexibility. It has built a portfolio of e-commerce assets with significant cash-flow generating capabilities,” said Prosus Chief Financial Officer Basil Sgourdos in a statement. “The group is now in a position to both invest in its asset portfolio, and to purchase its own stock when it makes sense from a returns perspective.”The move marks the latest in a series of efforts by Prosus and Naspers to achieve a valuation greater than the sum of its parts, and stop being seen as merely a proxy for investing in WeChat-creator Tencent. Cape Town-based Naspers was an early-stage investor in China’s Tencent, and still holds a 31% stake, but has long been overshadowed by the soaring stock price of its prized asset.Naspers rose 4.1% at 12:08 p.m. in Johannesburg after earlier gaining as much as 4.4% to trade at 3,175 rand. Prosus increased 3.4% in Amsterdam.Naspers spun off most of its internet assets into Prosus just over a year ago in part to resolve the problem, but the move has made little difference. Prosus has a market capitalization of about 135 billion euros ($158 billion), while the Tencent stake is worth about 193 billion euros at current share prices.That means the market assigns a negative value to Prosus’s myriad other businesses, which span from Indian online travel agents to Brazilian food delivery and U.S. education sites.Failed AcquisitionsThe buyback also reflects an inflated cash position after failing to make major acquisitions in the booming e-commerce sector. Prosus lost an $8 billion battle to buy U.K. food group Just Eat Plc to Takeaway.com earlier this year, and in July lost out in a $9 billion auction for EBay Inc.’s classifieds business to Norwegian rival Adevinta ASA“A lot of the international tech assets at the moment are very expensive, and it shows that they see the most value in terms of opportunities out there in their own stock,” said Renier de Bruyn, a Sanlam Private Wealth senior equity research analyst. “There is more than a 50% discount, and they like their current portfolio that they can buy at half the price, so the buyback makes sense.”(Updates with CFO comment, analyst comment, shares)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • In China, Big Tech Isn't the Enemy. It's the Strategy
    Bloomberg

    In China, Big Tech Isn't the Enemy. It's the Strategy

    (Bloomberg Opinion) -- Beijing’s goal of building a self-reliant technology industry has been elevated to become a strategic pillar, part of the latest five-year plan setting out top national priorities. This means that China is redoubling efforts to wean itself off foreign companies, with the result likely to be a cohort of domestic giants and a slow freeze-out of overseas competitors.Just as the U.S. government starts looking to rein in, or even break up, big technology companies in the belief they have too much power, China is going in the opposite direction. We should expect to see more money, more policy favoritism, and more attention from party cadres aimed at ensuring the establishment of big successful chip and software firms.The Fifth Plenum of the Chinese Communist Party's 19th Central Committee wrapped up Thursday by tasking the nation to, among other things, develop self-reliance and build its technological power.The result will be a more insular approach to industry and trade as Beijing strengthens a robust domestic market for those up-and-coming heroes to ply their wares.Foreign companies — notably in semiconductors, software or materials — that still believe China is a viable long-term business are kidding themselves. Only those supplying crucial products and services not available locally will have any shot at sustained market access, and even then only until a domestic alternative comes along. Intel Corp., Nvidia Corp. and Microsoft Corp. should take note. Apple Inc. and Alphabet Inc. ought to be wary. Meanwhile, suppliers of the equipment, chemicals and software used to design and build chips should enjoy eating at the trough now, because the good times won’t last, if Beijing can help it.The likes of ASML Holding NV, Tokyo Electron Ltd., and Synopsys Inc. might see some growth years as Chinese companies lean on them to supply the core ingredients of a semiconductor industry, if the U.S. administration doesn’t get in their way to further stymie China’s advancement. But they’d be foolish to not understand that local rivals, backed by Beijing, are doing everything possible to replicate their products. Over the past decade, the government has done a lot to improve intellectual property enforcement and secure economic rights over technological innovation. Nonetheless, it would be a brave Chinese prosecutor or judge who sides with a big Western company over a local upstart in any case of alleged IP theft. I believe we’ve yet to see the next era of national champions emerge. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have been the backbone of China’s internet development. Beijing would want to see their equivalents in semiconductors come forth. Huawei Technologies Co. fits the role, a fact that Washington recognizes by attempting to impede the Shenzhen company’s chip division HiSilicon. Semiconductor Manufacturing International Corp. will also play a part, but after two decades it has still failed to match rivals like Taiwan Semiconductor Manufacturing Co. or United Microelectronics Corp. Then there’s a collection of state-backed chipmakers such as those in the orbit of the esteemed Tsinghua University.Yet the Alibaba of chips may not yet be born.It could be bubbling away in a small Shenzhen office, helmed by former HiSilicon execs determined not to give up their semiconductor dreams despite Washington’s pressure. Or the topic of Zoom calls among locked-down postgrads finishing up their American degrees and planning to return home. Or in the bank balance of a Taiwanese engineer, enticed by the promise of vast riches, after a decade of toiling away at TSMC.Whoever the next big Chinese tech giant is, you can be sure that Beijing has the money and determination to make sure it succeeds. At all costs. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.