Streetbeat News

TCTZF

Tencent Holdings Ltd.

https://www.tencent.com/

CEO

Huateng Ma

Industry

Software Publishers

Open

51.35

Mkt cap

466B

Volume

1.1K

High

51.35

P/E Ratio

23.20

52-wk high

62.26

Low

50.60

Div yield

0.01

52-wk low

32.45

Tencent is leveraging AI to enhance ad targeting precision, boosting its advertising revenue. The company is equipping advertisers with generative AI tools for dynamic ad creation, particularly on platforms like WeChat. This AI integration is expected to significantly increase Tencent's ad revenue.

Portfolio Pulse from Surbhi Jain

September 16, 2024 | 12:47 pm

Henry Greene, Investment Strategist at KraneShares, highlights the investment opportunities in China's market, focusing on the internet and technology sectors due to low internet penetration and government support for domestic tech companies. He remains optimistic about China as an asset class despite geopolitical tensions, noting the KraneShares CSI China Internet ETF (KWEB) and its top holdings. KraneShares has also launched two ETFs, KPRO and KBUF, offering downside protection on KWEB. Greene believes China's stock market has bottomed, presenting a rare buying opportunity, especially in internet stocks and AI applications.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 5:20 pm

Tencent Holdings Ltd's subsidiary Riot Games is laying off 11% of its workforce, around 530 employees, due to unsustainable costs and the need for a sharper focus. The layoffs will affect non-core development teams and will see the discontinuation of new game development under 'Riot Forge' and adjustments to 'Legends of Runeterra'. The gaming industry has seen over 10,000 layoffs in 2023, with AI's impact on jobs and income inequality being a concern highlighted by the IMF.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 7:51 am

Despite the bearish sentiment on Chinese consumer stocks, some investors believe that Alibaba Group Holding Limited (BABA), Tencent Holdings Limited (TCEHY, TCTZF), and JD.com (JD) might be oversold. This comes after new data shows that the Chinese economy is rebounding better than expected. Major banks have revised down price targets for these companies, but recent data shows growth in the Chinese economy and retail sales rebounding more than expected. Some analysts believe that the Chinese economy could bounce back significantly higher by the end of the year due to increased government stimulus efforts.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 2:56 pm

Alibaba Group Holding Limited (NYSE:BABA) is gaining attention from investors due to its rising earnings and deal-driven strategy. Despite being over 50% below its 5-year ago valuation, analysts suggest it may be a good time to invest in the company. Alibaba's revenue was up 14% in the quarter ended June 30, and net income was 51% higher. The company's net margin of 14.6% is significantly higher than its US rival Amazon.com, Inc. (NASDAQ:AMZN). Alibaba's new CEO Eddie Wu plans to divest Alibaba’s subsidiaries to unlock the company’s cash and increase its investment in tech.

Portfolio Pulse from Daniel Harrison

September 27, 2023 | 1:40 pm

China's gaming regulator has approved 58 imported online games, including titles from Tencent and Netease. This could potentially boost the companies' revenues and stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:02 pm

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