Tencent Holdings (P Chip)

Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms. The Online Advertising segment is mainly engaged in display based and performance based advertisements. The Others segment is mainly involved in provision of payment related services, cloud services and other services.
  • Ticker0700
  • ISINKYG875721634
  • ExchangeHong Kong Stock Exchange
  • SectorSoftware & Computer Services
  • CountryCayman Islands

Analysts

Charl Wolmarans ...
  • Kevin Mattison

Tencent | Respawned

Tencent's gaming growth accelerated to deliver its quickest quarterly growth (11% y/y) since the gaming monetisation freeze started in early 2018. In addition, the Group launched ten new mobile games during the quarter. However, concerns about the US-China trade war continues to influence Tencent (-14% since 2019 high in Apr '19) in line with global tech peers. Tencent's continued focus on expenses which protects margins is encouraging. The Group has refined its focus on its existing portfolio, implying a slowing in its investment portfolio which we value at USD c.75bn. We believe the drawdown...

Halim Ahmad

Tencent Holdings

Halim Ahmad

Tencent Holdings

Bahari Hazim

Tencent Holdings

Chelsey Tam

Morningstar | Tencent Company Report

We think Tencent has put more focus on cloud and advertising businesses following its reorganization. The cloud and smart industries group has been created as a stand-alone segment for the cloud business and enterprise-facing services such as smart retail. The advertising and sales department and the social and performance advertising department were merged to form the advertising and marketing services business under the corporate and development group. This business can provide advertisers with integrated advertising solutions and more unified insights into users across Tencent’s social and ...

Charl Wolmarans ...
  • Kevin Mattison

Tencent | Respawned

Tencent's gaming growth accelerated to deliver its quickest quarterly growth (11% y/y) since the gaming monetisation freeze started in early 2018. In addition, the Group launched ten new mobile games during the quarter. However, concerns about the US-China trade war continues to influence Tencent (-14% since 2019 high in Apr '19) in line with global tech peers. Tencent's continued focus on expenses which protects margins is encouraging. The Group has refined its focus on its existing portfolio, implying a slowing in its investment portfolio which we value at USD c.75bn. We believe the drawdown...

Halim Ahmad

Tencent Holdings

Halim Ahmad

Tencent Holdings

Bahari Hazim

Tencent Holdings

Chelsey Tam

Morningstar | Tencent Company Report

We think Tencent has put more focus on cloud and advertising businesses following its reorganization. The cloud and smart industries group has been created as a stand-alone segment for the cloud business and enterprise-facing services such as smart retail. The advertising and sales department and the social and performance advertising department were merged to form the advertising and marketing services business under the corporate and development group. This business can provide advertisers with integrated advertising solutions and more unified insights into users across Tencent’s social and ...

1 director sold

A director at Tencent Holdings Limited sold 10,000 shares at 357.000HKD and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

TENCENT HOLDINGS LTD. suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of TENCENT HOLDINGS LTD. (HK), active in the Software industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date May 17, 2019, the closing price was HKD 355.80 and its target price was estimated at HKD 308.91.

Bahari Hazim

Tencent Holdings

null

Bahari Hazim

Tencent Holdings

null

Bahari Hazim

Tencent Holdings

null

Bahari Hazim

Tencent Holdings

null

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to Technology, Communications We view weakness over the past week as correcting a significant amount of the excess optimism that was baked-in to global equities. As a result, we recommend taking advantage of the pullback by adding exposure to our favorite areas - namely Technology. Our overall outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. • Index overviews: MSCI ACWI ex-US, MSCI EM, STOXX Europe 50, and the TOPIX indexes are analyzed from both a price and RS perspective... see page 2...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global indexes approaching major resistance Broad global indexes are bumping up against logical downtrend resistance. As a result, our outlook remains cautious and our baseline expectation for continued downward pressure on global equities remains intact. At the same time, we are seeing signs that the worst of the declines may be behind us as global cyclical Sectors show RS improvements while defensive Sectors display early signs of RS deterioration. • Regional/Country Overview. The U.S., Europe, and Japan all remain in downtrends from a price perspective, though major resistance levels are...

Dave Nicoski ...
  • Ross LaDuke

Global Equity Strategy

Global equities (MSCI ACWI) are testing 52-week lows as prices have been consolidating over the last 1-2 months. Investors' primary sources of angst continue to revolve around concerns of (1) the global shift toward tighter monetary policy and the potential for perceived policy missteps, (2) trade and tariffs, and (3) the potential negative effects both (1) and (2) may have on global growth. Comments from Fed Chair Powell that interest rates are “just below” the neutral rate and the 90-day tariff ceasefire agreement between the U.S. and China have not been able to calm the markets. In Europe, ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. ACWI long-term breadth as measured by the pe...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch