TCTZF - Tencent Holdings Limited
| Previous close | 42.50 |
| Open | 41.00 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 40.98 - 42.97 |
| 52-week range | 24.73 - 53.27 |
| Volume | |
| Avg. volume | 17,176 |
| Market cap | 401.084B |
| Beta (5Y monthly) | 0.60 |
| PE ratio (TTM) | 15.34 |
| EPS (TTM) | 2.73 |
| Earnings date | N/A |
| Forward dividend & yield | 0.31 (0.72%) |
| Ex-dividend date | 22 May 2023 |
| 1y target est | N/A |
ZacksWhat Makes Tencent Holding Ltd. (TCEHY) a New Strong Buy Stock
Tencent Holding Ltd. (TCEHY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
BloombergTop-Performing Fund Favors China Stocks as Bearish Tide Grows
(Bloomberg) -- The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailThese Are the World’s 20 Most Expensive Cities for Expats in 2023Dam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensivePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New Phas
- Financial Times
Hong Kong equities rally driven by internet stocks
Hong Kong equities notched their best daily gains in three months as short sellers closed out bets against Chinese internet groups and some investors snapped up shares on hopes that a protracted sell-off for China stocks was overdone. The sudden upswing for the Hang Seng index took it 4 per cent higher on Friday. The rally on Friday was led by Chinese internet stocks, with the Hang Seng Tech index jumping 5.3 per cent. Tencent and Alibaba closed 6 and 6.7 per cent higher in Hong Kong, respectively.
BloombergNvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs
(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang is heading to China to meet with tech executives in the world’s biggest chip market, despite rising tensions between Washington and Beijing, according to people familiar with the matter.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailSEC’s Coinbase Lawsuit Hera
- Financial Times
‘Genshin Impact’ maker aims for Tencent’s China gaming crown
On the eve of last month’s launch of miHoYo’s latest online game, Honkai: Star Rail, employees at the Chinese gaming company worked late into the night. A space-travel anime game, Honkai: Star Rail is miHoYo’s second new title since the breakout success of Genshin Impact. How it performs will determine whether the Shanghai studio can establish an enduring role for itself as one of China’s top game developers in the face of competition from industry giants Tencent and NetEase.
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BloombergXi Remade China's Tech Industry in His Own Image With Crackdown
(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustYields Slide on Fedspeak; Banks Weigh on Stocks: Markets
ZacksTime for China Tech ETFs Despite Mixed-Bag Earnings?
Despite mixed earnings reports from Chinese tech giants like Baidu, Alibaba and Tencent, analysts remain optimistic about the future of China's tech sector.
BloombergTSMC Retakes Lead From Tencent for Asia’s Largest Market Cap
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. has reopened a lead over internet giant Tencent Holdings Ltd. as Asia’s biggest company by market value, helped by a resumed rally in chip stocks.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverShares of TSMC have gained about 6% so
Motley FoolWhere Will Tencent Stock Be in 5 Years?
Tencent (OTC: TCEHY) once seemed like a promising long-term play on China's booming tech sector. It's the world's largest video game publisher, and its top games dominate China's gaming market. It owns WeChat (also known as Weixin), the leading "super app" in China, which bundles together mobile messages, social networking tools, digital payments, online purchases, integrated games, and other features in a walled garden.
BloombergChina Tech Megacaps in a Funk Despite Upbeat Sales: Tech Watch
(Bloomberg) -- Slowdown fears are weighing on Chinese tech stocks and even upbeat sales figures from the industry’s bellwethers can’t revive them.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashes Out and Sends Warning to Central Bankers EverywhereShares of Ten
BloombergUBP's Vey-Sern Ling on Alibaba, Tencent
UBP Managing Director Vey-Sern Ling discusses Tencent's earnings results. He also previews Alibaba's results due Thursday. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets Asia".
BloombergTencent’s Sales Rebound Though Concerns Persist on China Outlook
(Bloomberg) -- Tencent Holdings Ltd. posted its fastest pace of revenue growth in more than a year but earnings missed estimates, reflecting an uneven internet sector recovery during China’s post-pandemic reopening.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsWall Street Fears $1 Trillion Aftershock From Debt DealThe $120
Motley FoolTencent (TCEHY) Q1 2023 Earnings Call Transcript
Image source: The Motley Fool. Tencent (OTC: TCEHY)Q1 2023 Earnings CallMay 17, 2023, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Wendy Huang Good day and good evening.
- Investing.com
Target, TJX and EVgo fall premarket; Western Alliance and Tesla rise
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 17th. Please refresh for updates.
BloombergTencent Is Worth More Than a Utility, Fidelity Fund Manager Says
(Bloomberg) -- Battered-down Tencent Holdings Ltd., a once-hot Chinese tech stock that’s lost half its value, shouldn’t be priced as a utility because of its greater earnings potential, according to a Fidelity Investments fund manager.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverThe
BloombergChinese Investors Sour on Tencent, Becoming Net Sellers of Stock
(Bloomberg) -- Chinese investors offloaded HK$3.5 billion ($447 million) of Tencent Holdings Ltd. shares this quarter, putting the stock on track for the first three-month net outflow since 2021, according to data compiled by Bloomberg. The selling coincided with a 10% drop in the stock since end-March and likely reflects concerns about China’s sluggish economic recovery. Mainland investors are losing faith after eagerly scooping up the shares during a slump in the second half of 2022. The next
BloombergSea’s 112% Rally Shines Light on Path to Recovery
(Bloomberg) -- Sea Ltd. shares have more than doubled since November, boosting optimism that the tech conglomerate is on the path to a sustainable recovery from a devastating slide that started in late 2021.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoThis New Airline Is Raising the Bar, From First Class to EconomyElon Musk Picks Linda Yaccarino as Next Twitter CEOTesla Recalls Vi
BloombergTencent, TSMC Shunned by $3.2 Billion Fund Citing Valuations
(Bloomberg) -- A $3.2 billion fund focused on Asian equities is avoiding the region’s two biggest stocks, saying their valuations fail to reflect economic and political challenges.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Mi
ZacksUnity Software (U) to Post Q1 Earnings: What's in the Cards?
Unity Software's (U) Q1 performance is expected to have gained from steady demand for its software solutions. An expanding client base and robust product portfolio are positives.
BloombergAlibaba’s Faded Rally Signals Grim Outlook Ahead
(Bloomberg) -- It took only four weeks for optimism around Alibaba Group Holding Ltd.’s breakup plan to fizzle. Restoring it will likely be an uphill battle.Most Read from BloombergGoldman to Pay $215 Million to End Case on Underpaying WomenPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePolice Raid Consulting Firm as China Starts Anti-Spy CampaignVanguard’s Trillion-Dollar Man Leads a Fixed-Incom
BloombergAlibaba Cuts Cloud Prices to Spur Growth Before Possible IPO
(Bloomberg) -- Alibaba Group Holding Ltd. is cutting the cost of its cloud services by as much as half, a move that could win users from rivals such as Tencent Holdings Ltd. at a time it’s considering spinning off the fast-growing Aliyun business.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureRivian’s Troubles Don’t End at a 93% WipeoutBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil
BloombergProsus’s Stake in Tencent Falls Below 26% as Selloff Continues
(Bloomberg) -- Prosus NV continued its selloff of Tencent Holdings Ltd., bringing its stake in the Chinese internet giant to under 26%. Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Harley-Davidson Says Repo Shortage Is Fueling Credit LossesA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetSigns Are Mounting That a Debt Crunch is LoomingThe Amsterdam-listed tech investor sold 789,600 ordinary
Motley FoolBetter Buy: Alibaba vs. Tencent Stock
The last two years have been brutal for Chinese technology companies amid a series of challenges, including crackdowns by the Chinese government, COVID-19 lockdowns, and others. While most investors are steering clear of these companies, contrarians might see this as an opportunity to invest in top Chinese companies. Let's compare the top-two technology companies in China, Alibaba Group (NYSE: BABA) and Tencent (OTC: TCEHY), to find out which is a better buy.
Motley FoolThe 5 Cheapest Top AI Stocks on the Market Right Now
Interest in artificial intelligence (AI) is at a fever pitch. That's understandable, considering the string of AI advances rolled out in recent months. But there's a negative consequence of this fervor for investors: Share prices of several AI leaders have become considerably more expensive.
