The company trades at only 20x earnings even before accounting for equity investments on its balance sheet, which total over 20% of the current market cap. At the end of my 7 days, my credit card will be conveniently charged $397/quarterly (every 3 months) until I cancel. Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters - sources, 7 Stocks to Buy for the Future of E-Sports, China approves 87 new video games including titles by Tencent and Alibaba, Tencent and Alibaba Pop on 'Golden Share' News, Shares of Tencent, NetEase rise as China gaming crackdown ends, China approves 88 games in January, including titles by Tencent and NetEase, China to take golden shares' in tech firms Alibaba and Tencent. 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. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating. Visit Performance Disclosure for information about the performance numbers displayed above. The risk involved with trading stocks, options and other securities is not suitable for all investors. Find the latest TENCENT HOLDINGS LIMITED UNSP A TCEHY analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. The average price target represents a 10.02% change from the last price of $43.63. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Zacks Style Scores Education - Learn more about the Zacks Style Scores. The shares retreated to a low of $0.0084, which was a few points below the year-to-date high of $0.0122. In view of the current regulatory headwinds and Tencent Holdings' share price weakness, it is natural to ask if this is an investment opportunity for investors with a long, multi-year investment time horizon. But the current regulatory environment and the policy stance by the Chinese authorities imply that China could be willingly to "redistribute" the profits of the biggest companies in the country for the benefit of society at large in one way or another. China moving to take 'golden shares' in Alibaba, Tencent units - FT, Ten Big Tech Stocks Lost $4.6T Market Cap in 2022. At the same t #Morningstar #International Stocks #HowtoInvest Experts forecast that international stocks will outperform U.S. stocks in the coming decade. Investors are always searching for opportunities to yield handsome returns. 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. Looking for more investing ideas like this one? If you wish to go to ZacksTrade, click OK. Stock Price Forecast. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. This rating has held steady since February, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail. The. 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. Tencent Holdings Ltd. ADR analyst ratings, historical stock prices, earnings estimates & actuals. 2. How good is it? Get access to my highest conviction ideas., Julian Lin is a top ranked financial analyst. Real time prices by BATS. Image: REUTERS/Francois Lenoir . TCEHY generated $16 billion in free cash flow last year and maintains a strong balance sheet with almost neutral leverage and an additional $127 billion in equity investments (totaling over 20%. Furthermore, Tencent's current consensus forward next twelve months' normalized P/E multiple of 26.8 times represents a significant discount to its five-year and 10-year average forward P/E multiples of 33.0 times and 31.0 times, respectively. dolphfyn/iStock Editorial via Getty Images. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The three-month average daily trading value for Tencent's OTC shares and Hong Kong-listed shares were $160 million and $1.2 billion, respectively. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. That said, TCEHY has noted that it has complied with the new regulation and only 2.6% of game grossing receipts came from players aged under 16. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merchandise sales, and other activities. These Stocks Plunge. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. High conviction investment ideas in the winners of tomorrow. Tencent's mailing address is Tencent Building Kejizhongyi Avenue Hi-tech Park, Shenzhen F4, 518057. I wrote this article myself, and it expresses my own opinions. Trading stocks, options and other securities involves risk. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Despite a recent report, Tencent(OTCMKTS: TCEHY) has denied that layoffs are in the works. None of the information presented should be construed as an offer to sell or buy any particular security. Is this happening to you frequently? During that same time period, TCEHY has more than doubled both its top and bottom lines: 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? Even before accounting for operating leverage, a 40x earnings multiple wouldnt be unreasonable in light of that growth rate. I expect these actions to limit TCEHYs future profitability, though it is unclear to what extent. The software platform has demonstrated high scalability, which is apparent from the company's trailing-12-month gross margin close to 95%. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Shares of online mobile gaming platform Skillz (SKLZ 6.72%) have declined by 30.2%in the last month. This means that if you invested $100 now, your current investment may be worth 210.104$ on 2024 March 05, Tuesday. The news flow for Tencent in recent weeks is also negative. Discover historical prices for TCEHY stock on Yahoo Finance. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Twilio Fair Value Forecast for 2023 - 2025 - 2030. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. 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. Amikor a webhelyeinket s alkalmazsainkat hasznlja, a webhelyek s alkalmazsok szolgltatsa, a felhasznlk hitelestse, biztonsgi funkcik mkdtetse, a levlszemt s a visszalsek megelzse, valamint, a webhelyek s alkalmazsok hasznlatnak mrse, szemlyre szabott hirdetsek s tartalom megjelentse rdekldsi profilok alapjn, a szemlyre szabott hirdetsek s tartalom hatkonysgnak mrse, valamint, a termkeink s szolgltatsaink tovbbfejlesztse. BREAKING: Tiny biotech successfully treats blindness (Ad), My No. 1. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The technology company earned $15.02 billion during the quarter, compared to analyst estimates of $14.76 billion. While Sea pays royalties to Tencent, this distribution activity has also helped expand the company's gaming user base. Beijing is working to take golden shares' in units of both companies, according to reports. Against this backdrop, the stock seems to be well-positioned to emerge as a wealth generator in the coming years. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The median estimate represents a +13.86% increase from the last price of 47.12. Notably, Tencent Holdings has also decided to allocate RMB50 billion to its Sustainable Social Value Organization as a start, which will be financed by the company's "investment gains.". 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. All rights reserved. 5 brokerages have issued 12 month price targets for Tencent's stock. Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y Poltica de cookies. Please log in to your account or sign up in order to add this asset to your watchlist. The Motley Fool owns shares of and recommends Cloudflare, Inc., Nvidia, Sea Limited, Skillz Inc., and Tencent Holdings. Visit www.zacksdata.com to get our data and content for your mobile app or website. In 2021, TCEHY's revenue was 560.12 billion, an increase of 16.19% compared to the previous year's 482.06 billion. The company employs 85,858 workers across the globe. 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. As the most recent World Cup demonstrated, so Daily market news in bullet point format. Get daily stock ideas from top-performing Wall Street analysts. I maintain my Neutral rating for Tencent Holdings Limited (OTCPK:TCEHY) [700:HK]. Skillz is now focused on adding more multiplayer turn-based games and is investing in synchronous technology (allowing multiple players to play simultaneously) to add more profitable games, such as first-person shooters and real-time strategy games. 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. I am not receiving compensation for it (other than from Seeking Alpha). Prior to this piece of news, the proposed merger between two of Tencent Holdings' investees, DouYu International Holdings (DOYU) and Huya (HUYA), both of which are live game streaming platform operators, was rejected by SAMR in mid-July 2021. The cloud business of Chinese technology giant Tencent announced the collaboration in a press release on Abhay Deshpande, Centerstone Investors chief investment officer,, joins 'The Exchange' to discuss why he calls the current market a stock picker's market and offers the top names to buy. Transform Your Portfolio With This Simple Morning Trade! A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent in the last twelve months. Please. Cannabis stocks have been on a rollercoaster the past few years, acknowledges sector director Kris Inton. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Tencent Layoffs 2023: Is TCEHY Gearing Up for More Job Cuts? expressing concerns that the industry is focused on profits and placing more restrictions on the industry, Tencent is the "Facebook of China," one of the "PayPals of China," and the "Video Game King of the World.". 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. Financial numbers in CNY Financial Statements Analyst Forecast According to 60 analysts, the average rating for TCEHY stock is "Buy." I understand my credit card will be charged $7 today for 7 days of Platinum access. The company is not yet profitable, but financials are trending in the right direction. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. 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. The Motley Fool has a disclosure policy. The high estimate is $95.00, and the low is $30.00. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Past success does not guarantee future profit !! ~ Howard Marks. . Stock Price Forecast According to 60 stock analysts, the average 12-month stock price forecast for TCEHY stock is $ 53.42 , which predicts an increase of 13.08%. Tencent Holdings Ltd ADR stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. The company also disclosed in the announcement that it "will integrate the existing Corporate Social Responsibility and charitable activities into a new Sustainable Social Value Organization. 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). Cloudflare currently offers network services in over 200 citiesand 100 countries. Tencent (OTCMKTS:TCEHY) has a market capitalization of $450.39 billion and generates $86.82 billion in revenue each year. To learn more, click here. Chinese internet leader Tencent is noted for its recent foray into the growing esports market. 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 information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. All rights reserved. Unlock HIDDEN Features! This represents a dividend yield of 3.2%. The content on any of Financhill websites, products or communication is for educational purposes only. 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. I explain what I am waiting for before pounding the table. Read the conference call transcript. Uncover cheap stocks, great businesses listed in Asia focusing on HongKong. I initiated on DiDi Global with a Bearish rating in my article published on July 7, 2021, and DiDi's stock price has dropped by -48% from $15.53 as of July 2, 2021 (last traded price at the time of writing) to $8.04 as of July 26, 2021. It is also worth noting that both DiDi and Tencent were penalized by regulators in early-July 2021 for not submitting certain proposed M&A transactions to the authorities for relevant approvals. This product is for educational purposes only. This suggests a possible upside of 301.1% from the stock's current price. However, this pullback presents a unique entry opportunity to buy shares of this high-margin and no-debt gaming company. Shares of TCEHY stock can be purchased through any online brokerage account. I have obtained the market consensus' financial forecasts from S&P Capital IQ. If you do not, click Cancel. 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. 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. TCEHY is currently trading in the 20-30% percentile range relative to its historical Stock Score levels. I note that TCEHY has a long growth runway due to its WeChat being anecdotally under-monetized and the companys direct exposure to many secular growth stories in online advertising, fintech, and video gaming. This payout ratio is at a healthy, sustainable level, below 75%. The expansion of its gaming portfolio, both in the number of games and genres, increases the chances of delivering several hits, which in turn can improve the company's financials. TCEHY updated stock price target summary. 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I wrote this article myself, and it expresses my own opinions. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. gaming and social media), and the company's access to a significant amount of critical data relating to Chinese users (e.g. TCEHY generated $16 billion in free cash flow last year and maintains a strong balance sheet with almost neutral leverage and an additional $127 billion in equity investments (totaling over 20% of the current market cap).
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