Streetbeat News

TCEHY

Tencent Holdings Ltd.

https://www.tencent.com/

CEO

Huateng Ma

Employees

116,213

Tencent Holdings Ltd. is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the largest company in the video game industry in the world based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.

Open

48.72

Mkt cap

449B

Volume

1.3M

High

49.84

P/E Ratio

22.74

52-wk high

62.57

Low

48.54

Div yield

0.01

52-wk low

33.00

Ubisoft has reduced its 2024-2025 fiscal year guidance due to management issues and game launch delays, including Assassin's Creed Shadows. Tencent is a potential buyer for Ubisoft, with advisors appointed, suggesting the deal is progressing. This acquisition could boost Tencent's gaming revenue by RMB 4bn.

Portfolio Pulse from

January 13, 2025 | 9:30 am

Tencent shares are considered a buying opportunity despite U.S. blacklisting concerns. The company's fundamentals remain strong, with minimal reliance on U.S. capital or technology. Tencent's buyback of HK$1.5 billion during a price drop shows confidence, supported by strong financial performance.

Portfolio Pulse from

January 09, 2025 | 1:45 pm

Tencent's strong performance in social media and fintech, along with a positive gross profit trend, highlights favorable business trends. The company's valuation is attractive, trading at a low forward P/E ratio of 11.0x, and it generates significant free cash flow.

Portfolio Pulse from

January 09, 2025 | 10:15 am

Prosus N.V. is trading at a discount to its NAV, largely due to its holdings in Tencent, which has underperformed. This presents a potential 'double discount' opportunity for value investors. The Despegar.com acquisition is a small positive step for Prosus.

Portfolio Pulse from

January 08, 2025 | 11:30 pm

Tencent (TCEHY) reported strong revenue growth in 3Q24, with an 8.13% year-over-year increase. Despite geopolitical tensions and being added to the US Chinese military blacklist, Tencent continues to show robust growth and operational excellence.

Portfolio Pulse from

January 08, 2025 | 10:30 am

The US Defense Department has designated Tencent Holdings as a Chinese military company, adding it to a blacklist of firms allegedly aiding the Chinese military. This move could impact Tencent's business operations in the US.

Portfolio Pulse from

January 07, 2025 | 9:45 pm

The US has blacklisted Tencent and CATL for alleged ties to the Chinese military, potentially disrupting the global electric-vehicle battery market and escalating US-China tensions.

Portfolio Pulse from

January 07, 2025 | 10:00 am

Tencent is rated as a 'Strong Buy' due to its undervaluation and growth potential in Marketing Services and FinTech. The company is expected to outgrow China's online game market despite government restrictions.

Portfolio Pulse from

January 07, 2025 | 9:00 am

Tencent Holdings saw over $120 billion wiped from its value after being added to the US Department of Defense's list of Chinese military companies. This inclusion has significant implications for the company's stock, particularly its US-listed shares under the symbol TCEHY.

Portfolio Pulse from

January 07, 2025 | 8:45 am

The article discusses a buying opportunity in Tencent and CATL, as highlighted by an investor on the show 'Insight with Haslinda Amin'.

Portfolio Pulse from

January 07, 2025 | 7:15 am

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