|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||60.89 - 63.51|
|52 Week Range||40.06 - 83.23|
|Beta (5Y Monthly)||0.44|
|PE Ratio (TTM)||5.19|
|Earnings Date||Jun 27, 2022|
|Forward Dividend & Yield||0.14 (0.30%)|
|Ex-Dividend Date||Oct 28, 2021|
|1y Target Est||94.63|
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Naspers and its investment-holding company Prosus will sell down their Tencent stake and buy their own shares, with both companies trading at big discounts to NAV.
(Bloomberg) -- Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Qu
Tencent’s largest shareholder will start paring its stake in the Chinese internet company to fund an open-ended, long-term share-repurchase program.