Most stock quote data provided by BATS. Tencent's mailing address is Tencent Building Kejizhongyi Avenue Hi-tech Park, Shenzhen F4, 518057. On April 19, 2021, Tencent Holdings announced its refined strategy of "promoting sustainable innovations for social value, alongside nurturing the consumer Internet." Things got worse last week, when Bloomberg reported on July 24, 2021 that the Chinese regulators are "banning companies that teach the school curriculum from making profits, raising capital or going public." All times are ET. As of 2023 March 05, Sunday current price of TCEHY stock is 47.120$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). The high estimate is $95.00, and the low is $30.00. Visit Performance Disclosure for information about the performance numbers displayed above. Actual results may differ. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. However, this pullback presents a unique entry opportunity to buy shares of this high-margin and no-debt gaming company. This all started at the beginning of the month, when DiDi Global (DIDI), the largest player in the Chinese ride-hailing market, was requested by the Chinese regulators to undergo a cyber-security review a few days following its IPO on the NYSE. Get the latest Tencent Holdings ADR (TCEHY) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Which Chinese stocks does he recommend? Notably, Tencent Holdings' core Value-added Services or VAS business, comprising of social networking and online gaming operations, have a significant influence on society and youths. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. things fall apart chapter 10 quotes. Tencent - TCEHY Stock Forecast, Price & News $47.24 +0.69 (+1.48%) (As of 03/2/2023 12:00 AM ET) Compare Today's Range $45.84 $47.37 50-Day Range $40.26 $52.55 52-Week Range $24.75 $53.44 Volume 4.22 million shs Average Volume 3.34 million shs Market Capitalization $451.53 billion P/E Ratio 16.99 Dividend Yield 0.38% Price Target $189.00 dolphfyn/iStock Editorial via Getty Images. I am not receiving compensation for it (other than from Seeking Alpha). The current consensus among 63 polled investment analysts is to Buy stock in Tencent Holdings Ltd. NYSE and AMEX data is at least 20 minutes delayed. To make the world smarter, happier, and richer. This gaming platform stands out from the competition because players can wager on these games for cash prizes, making them more attractive than free-to-play games. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Only 0.03% of the stock of Tencent is held by institutions. The technology company earned $15.02 billion during the quarter, compared to analyst estimates of $14.76 billion. Not Ident. Digital entertainment (involving game development and publishing) is the only profit-making business and the main source of cash flow for the company. Date Range investment. 2022 Cable News Network. All rights reserved. Cannabis stocks have been on a rollercoaster the past few years, acknowledges sector director Kris Inton. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Analyst Consensus: Buy Analyst Ratings As always, use your best judgment when investing. Move your mouse over a quarter or year to see how estimates have changed over time. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. This payout ratio is at a healthy, sustainable level, below 75%. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Learn more. buying assets at a discount e.g. NASDAQ data is at least 15 minutes delayed. Tencent Cloud will provide cloud services in Europe through a strategic partnership with Traac. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. High conviction investment ideas in the winners of tomorrow. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. The 53 analysts offering 12-month price forecasts for Tencent Holdings Ltd have a median target of 53.65, with a high estimate of 74.70 and a low estimate of 31.85. I wrote this article myself, and it expresses my own opinions. The stock appears to have around 100% upside even to conservative multiples, and I explain what investors should wait for before buying into the stock. buying assets at a discount e.g. Real time prices by BATS. CNBC's Ted Kemp reports. If you have $10,000 in capital that is not needed for paying bills or setting up an emergency fund, then the following digitization-driven stocks could help you increase this investment to $50,000 by 2030. The Motley Fool owns shares of and recommends Cloudflare, Inc., Nvidia, Sea Limited, Skillz Inc., and Tencent Holdings. Theme #1: Cannabis. It is said that the highest quality stocks fall less than peers in the event of a broader market crash. Tencent Holdings' listed subsidiary, Tencent Music Entertainment (TME), which operates the country's leading music streaming platforms, was requested by "China's State Administration for Market Regulation or SAMR" to "give up exclusive music licensing rights", as reported in a recent July 24, 2021 Seeking Alpha news article. The lowest target is $ 28.32 and the highest is $ 73.81. Despite a recent report, Tencent(OTCMKTS: TCEHY) has denied that layoffs are in the works. Unlock HIDDEN Features! Of course, the quantum of the financial penalty is not as important as the signal on antitrust sent by the Chinese regulators and authorities if this does come true. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. One share of TCEHY stock can currently be purchased for approximately $47.12. This represents an increase of 7.6% from the last closing price of $44.61. I don't view Tencent stock as a good Buy, as I think the Chinese government's policies will have a major impact on the company's business operations in the medium term. Tencent's stock price has dropped by -21% in the past three months and its shares are now at a new 52-week low, thanks to regulatory headwinds. Is It a Bad Time to Invest in China Tech Giants? To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. (844) 978-6257. Based on its last traded price of HK$490.00 as of July 26, 2021, Tencent Holdings is valued by the market at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 28.1 times and 22.5 times, respectively. Tech Sell-Off: 1 Supercharged Growth Stock Down 83% to Buy Like There's No Tomorrow, Prediction: These Will Be 2 of the Best Stocks to Buy in 2023, Why Sea Limited Stock Plunged Underwater on Thursday, Why Sea Limited Climbed 17.5% in November, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? TCEHY updated stock price target summary. China's greatest challenge is arguably an ageing population and its ills, and the country's recent crackdown on tutoring companies is seen as a way to support its new "three-child" policy and encourage more people to have children without being worried about the stress that their kids could be faced with. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. The company generated robust 20% top line growth while maintaining strong profit margins. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Tencent has received a consensus rating of Hold. This product is for educational purposes only. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The current stock price only makes sense if TCEHY will never return capital to shareholders - but will management try to prove alignment with shareholders? TCEHY does share some characteristics with DiDi, specifically its market dominance of specific market segments in China (i.e. For the next year, analysts predict that Fair Value . To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. Of the four recommendations deriving the current ABR, three are Strong Buy, representing 75% of all recommendations. The content on any of Financhill websites, products or communication is for educational purposes only. TCEHY Stock Price - Tencent Holdings Ltd. engages in the provision of value-added services, online advertising services, and fintech and business services. past three months and its shares are now at a new 52-week low, thanks to regulatory headwinds. There could be short-term positives associated with the collaboration, as Tencent might see incremental revenue from the usage of its payment services WeChat Pay on Alibaba's e-commerce marketplaces as an example. Identify stocks that meet your criteria using seven unique stock screeners. Per a report published on Yahoo Finance, the global eSports market size is likely to expand by $3.5 billion till 2027, at a CAGR of 21.81%. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Specifically, Tencent is dominant in the Chinese games market with an estimated 40% market share, which raises antitrust concerns. The shares retreated to a low of $0.0084, which was a few points below the year-to-date high of $0.0122. More importantly, Tencent Holdings has previously suffered from a suspension of new game approvals for months in the country in 2018 when Chinese regulators became concerned about the effects of games on the health of youths in areas such as mental health (e.g. Why has TCEHY still fallen if it is more insulated than others? If you have an ad-blocker enabled you may be blocked from proceeding. TCEHY is currently trading in the 20-30% percentile range relative to its historical Stock Score levels. The software platform has demonstrated high scalability, which is apparent from the company's trailing-12-month gross margin close to 95%. These Stocks Plunge. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. With edge-based network architecture allowing for data and computations to be performed at a localized data center closer to the user instead of a centralized data center, Cloudflare's network is inherently fast, reliable, and more secure. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. All rights reserved. I note that TCEHY hasnt been completely spared from recent regulatory actions. Value added services dragged on overall results, perhaps due to the rising regulation in the video game industry. is $36.94. Share: Crowdsource Innovation. For more coverage of undervalued growth stocks, including my top picks, consider subscribing to Best of Breed. The dividend payout ratio of Tencent is 6.47%. Tencent (OTCMKTS:TCEHY) has a market capitalization of $450.39 billion and generates $86.82 billion in revenue each year. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential. Read our dividend analysis for TCEHY. With the gaming business helping control its overall losses, Sea has been focusing on expanding the market share of its e-commerce platform Shopee. The median estimate represents a +13.86% increase from the last price of 47.12. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. This rating has held steady since February, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail. Tencent has a P/B Ratio of 3.33. Stock Price Forecast The 53 analysts offering 12-month price forecasts for Tencent Holdings Ltd have a median target of 52.38, with a high estimate of 74.70 and a low estimate of 31.85. mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCEHY, but not buy additional shares or sell existing shares. The dividend payout ratio is 6.47%. As of February 15th, there was short interest totaling 9,381,500 shares, an increase of 20.5% from the January 31st total of 7,784,700 shares. I have no business relationship with any company whose stock is mentioned in this article. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Based on a highly scalable SDN model, large addressable market, and a partnership with Nvidiato imbibe artificial intelligence capabilitiesin its edge network, Cloudflare is a solid long-term pick for retail investors. Facing the future. Although the concept might sound utterly ridiculous to those stemming from particular generations, the rise of video game professionalism implies strongly that investors should at least consider e-spo China's video games regulator on Friday approved 87 new video games for the month of Feburary including titles under Tencent Holdings , Alibaba Group and NetEase. Dominant companies operating in sectors critical to the livelihood of ordinary Chinese people like Tencent could be compelled to accept slower earnings growth and reduced profitability in the best interests of the country, as indicated by TCEHY's comments at its most recent results briefing referenced to above. Specifically related to TCEHY, the Chinese government has been cracking down on the video game industry, expressing concerns that the industry is focused on profits and placing more restrictions on the industry. How were Tencent's earnings last quarter? Tencent's stock price has fallen by -21% from HK$620.00 as of March 26, 2021 to HK$490.00 as of July 26, 2021. Is Tencent Holdings A Buy Over The Next 30 Days? Hong Kong's benchmark Hang Seng Index also fell by -4.13% on July 26, 2021, and Reuters attributed this to "investor worries over government regulations" which "battered stocks in the education, property and tech sectors." Taking into account the potential downside risks to the company's bottom line in the next couple of years, I choose to keep my Neutral rating for Tencent Holdings. View which stocks are hot on social media with MarketBeat's trending stocks report. Receive TCEHY Stock News and Ratings via Email, February 22, 2023|americanbankingnews.com. 8 predictions for the world in 2030 Nov 12, 2016. While I acknowledge the deep undervaluation of the stock, I need to see the company undertake a material repurchase program before pounding the table here. The 25 analysts offering 12-month price forecasts for Tencent Music Entertainment Group have a median target of 9.77, with a high estimate of 10.94 and a low estimate of 4.67 . The company employs 85,858 workers across the globe. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Earnings for Tencent are expected to grow by 28.68% in the coming year, from $1.29 to $1.66 per share. Twilio Fair Value Forecast for 2023 - 2025 - 2030. TCEHY Stock 12 Months Forecast $48.00 (10.02% Upside) Based on 1 Wall Street analysts offering 12 month price targets for Tencent Holdings in the last 3 months. Sign up here to get started today! Investors of record on Friday, May 20th will be given a dividend of $0.18 per share on Tuesday, June 21st. Only one analyst offered a short-term price target of $48.00 for Tencent Holding Ltd. Get them exclusively at Asia Value & Moat Stocks. I have read and understand the, I understand that I will be billed $499 monthly if I choose to continue. Stock Price Forecast. . Tencent Layoffs 2023: Is TCEHY Gearing Up for More Job Cuts? This represents a dividend yield of 3.2%. With the eSports market currently valued at $1.4 billion . If you do not, click Cancel. Past performance is not a guarantee of future results, and a loss of original capital may occur. More importantly, there is market speculation that Tencent Holdings might eventually be hit with a substantial financial penalty relating to anti-trust issues, just like its major Chinese internet peer company, Alibaba (BABA) which was given a fine of RMB18 billion in April 2021.