Tencent Holdings Limited HKG: 0700 Stock Price & Overview

It’s essential to thoroughly research a company before buying its shares. You should learn about its competitors, its balance sheet, how it makes money, and other factors to make sure you have a solid grasp on whether the company can grow value for its shareholders over the long term. You also need to ensure you understand the added risks of investing internationally, especially in companies headquartered in China. Continue reading to learn more about some crucial factors to consider before investing in Tencent stock. Benchmark decreased their target price on shares of Tencent Music Entertainment Group from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

1. Its communications and social services connect more than 1 billion people.
2. Thanks to exchange-traded funds (ETFs), you don’t have to actively manage a portfolio of stocks.
3. It is not yet producing meaningful revenue, and investors might have to wait several quarters for it to significantly boost earnings, too.
4. In March 2024, the company proposed to increase its annual dividend based on its 2023 results by 42% to HKD3.40 per share ($0.43 per share).

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At Friday’s recent price around $144, down from Thursday’s record intraday high of $158.49, Tencent’s stake is worth around $1.1 billion. Patient investors with investing horizons of more than five years should consider buying some shares. Besides, in the name metatrader 4 white label trading platform of common prosperity, the government has indirectly extracted 100 billion yuan (about $15.5 billion) from Tencent.

Can I buy shares in Tencent?

It attributed that acceleration to the growth of its commercial payment and wealth management services, the consolidation of Bitauto’s business services, and the expansion of its cloud services. Tencent’s (TCEHY -1.92%) stock recently tumbled after antitrust fears overshadowed its impressive fourth-quarter earnings. The Chinese tech giant’s revenue rose 26% year over year to 133.7 billion yuan ($20.5 billion), beating estimates by 0.6 billion yuan. Moreover, buying the stock at its current valuation poses no significant risk of permanent capital loss. As of writing, Tencent’s stock has a price-to-earnings ratio of 16.

Tencent: Leveraging AI for Internal Growth

Shopify is a leading global commerce company that provides merchants with a portfolio of solutions. A big part of Tencent is its uber-popular WeChat/Weixin super app. The platform enables users to send messages, share photos quote currency financial definition of quote currency and videos, shop online, and make payments. Tencent had more than 1.3 billion monthly active users of WeChat/Weixin at the end of 2023.

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People’s Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. In addition, the company operates innovation business, which includes artificial intelligences; and discover and develops enterprise and next-generation technologies for food production, energy, and water management application. Tencent Holdings Limited was formerly known as Tencent (BVI) Limited and changed its name to Tencent Holding Limited in February 2004. The company was founded in 1998 and is headquartered in Shenzhen, the People’s Republic of China.

The company still has a lot going for it, which could enable it to continue delivering market-beating total returns. It’s delivering rising revenue and profits, giving it money to reinvest in growing its business and return cash to shareholders through dividends and stock repurchases. It’s investing in innovative technology, including artificial intelligence (AI) to power its advertising technology platform.

Matt DiLallo has no position in any of the stocks mentioned. TCEHY earnings call for the period ending September 30, 2024. Five eminent speakers, including Nobel laureates and the top Chinese physicist Qi-Kun Xue, share groundbreaking insights at the Tencent WE Summit in Chengdu.

At the time, 8 simple steps for how to become a database administrator Tencent President Martin Lau commented on the reasoning behind the split, stating, “We hope to lower the investment threshold for investors.” Not everyone wants to be an active stock picker, especially when it comes to investing internationally. Thanks to exchange-traded funds (ETFs), you don’t have to actively manage a portfolio of stocks. You can passively invest in an ETF that holds stocks based around a common theme or broad market index, such as Chinese stocks. The Chinese company makes annual dividend payments to shareholders in Hong Kong dollars.

With 1.3 billion monthly active users (MAU), its user base includes almost everyone in China. And they use it not only for communication but also to access services such as online payments, ride-sharing, public transportation, entertainment, online gaming, and more. In a way, it’s almost impossible for an average Chinese citizen to live in China without using WeChat and its ecosystem of services. It’s a publicly traded company that trades in the U.S. on the OTC Markets Exchange. However, you need a brokerage account that allows you to buy and sell shares listed on the OTC Markets Exchange. If you don’t have a brokerage account (or your current broker doesn’t allow trading of OTC stocks), check out this list of top online brokers and trading platforms.

TENCENT Overview Internet Content & Information / Communication Services

Morgan Stanley downgraded Tencent Music Entertainment Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $15.00 to $13.00 in a report on Wednesday, September 25th. Mizuho reduced their price objective on shares of Tencent Music Entertainment Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Daiwa Capital Markets lowered shares of Tencent Music Entertainment Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 13th. Finally, Daiwa America lowered shares of Tencent Music Entertainment Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… In separate filings earlier this month, Reddit Chief Executive Officer (CEO) Steve Huffman and Chief Operating Officer (COO) Jennifer Wong also sold shares. Along with the planned sale from Advance, Chinese conglomerate Tencent Holdings disclosed its latest series of sold shares on Thursday, the third such filing this month. The magazine conglomerate disclosed plans to sell 10 million shares of its stake with a market value of $1.58 billion, according to a filing with the Securities and Exchange Commission (SEC) after markets closed Thursday.