Also, Tencent's last traded share price represents a new one-year low, and the company's shares have corrected by -36% from its all-time stock price peak of HK$766.50 (not adjusted for dividends) recorded on January 25, 2021. Here's a recap. 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. TCEHY Stock Price - Tencent Holdings Ltd. engages in the provision of value-added services, online advertising services, and fintech and business services. View which stocks are hot on social media with MarketBeat's trending stocks report. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Another point is that Tencent's gaming business could possibly be the next target (after education) of the Chinese regulators. Zacks Rank Education -- Learn more about the Zacks Rank With the eSports market currently valued at $1.4 billion . 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." The ex-dividend date is Thursday, May 19th. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. 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. Cuando utilizas nuestros sitios y aplicaciones, usamos. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Specifically, Tencent Holdings' shares decreased by close to -8% . 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 understand my credit card will be charged $7 today for 7 days of Platinum access. The company clearly has the financial wherewithal to direct 100% of free cash flow towards share repurchases. Chinese stocks which had risen on excitement over AI tumbled after the report from Nikkei Asia. At the end of the first quarter (ending March 31, 2021), the company's total customer count (free and paying customers) rose 46% year over year to 4.1 million, while its large customer count (annual spend of more than $100,000) was up 70% year over year to 945. 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. !! All times are ET. I wrote this article myself, and it expresses my own opinions. A kivlasztott belltsok mdostshoz kattintson az Adatvdelmi belltsok kezelse lehetsgre. Tencent Holdings Limited (TCEHY) Stock Price, News, Quote & History - Yahoo Finance Tencent Holdings Limited (TCEHY) Other OTC - Other OTC Delayed Price. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. Read our dividend analysis for TCEHY. A Crypto Investment & Asset Managment Company Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Please. On the negative side of things, it is a worry that Tencent is prioritizing national interest over profit maximization. TCEHY updated stock price target summary. The current ABR compares to an ABR of 1.50 a month ago based on four recommendations. past three months and its shares are now at a new 52-week low, thanks to regulatory headwinds. The large customer cohort has emerged as the fastest-growing cohort and accounts for more than half of the company's total revenue. 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. I am not receiving compensation for it (other than from Seeking Alpha). The official website for the company is www.tencent.com. (844) 978-6257. Tencent's mailing address is Tencent Building Kejizhongyi Avenue Hi-tech Park, Shenzhen F4, 518057. Shares of TCEHY stock can be purchased through any online brokerage account. Momentum is growing behind a bill in Congress to ban Chinese social media app TikTok, the app that some term China's Trojan horse for controlling U.S. user's data and hearts and minds. Practical application of the products herein are at your own risk and Financhill.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. The 7 Best Growth Stocks to Buy to Retire Early. Will Tencent Holdings Stock Go Up Next Year? Theme #1: Cannabis. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Discover historical prices for TCEHY stock on Yahoo Finance. The pandemic-accelerated digitization of the global economy has brought to the forefront several new avenues for wealth creation. Tencent's stock was trading at $42.36 at the start of the year. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The lowest target is $ 28.32 and the highest is $ 73.81. This realization might suggest that TCEHY is a buying opportunity courtesy of the falling price. is $39.31 , and for 2033 Mar. . Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check. The monthly returns are then compounded to arrive at the annual return. As always, use your best judgment when investing. Over the next 52 weeks, Tencent Holdings has on average historically risen by 30.1% based on the past 13 years of stock performance. Instead, I would like to see the company execute on a material stock repurchase program at current levels. Shopee continues to dominate the Indonesian e-commerce sector, which is expected to grow faster than the Indian e-commerce market. However, in the long run, the company has solid potential to increase its paying user base since it currently accounts for only 17% of the total user base. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. I note that TCEHY hasnt been completely spared from recent regulatory actions. Our daily ratings and market update email newsletter. Get access to my highest conviction ideas., Julian Lin is a top ranked financial analyst. For the next year, analysts predict that Fair Value . Which Chinese stocks does he recommend? Trading stocks, options and other securities involves risk. 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. 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. The company generated robust 20% top line growth while maintaining strong profit margins. Another game-changing stock that can easily turn $10,000 to $50,000 by 2030 is the leading edge-based content delivery network and cybersecurity player, Cloudflare (NET 3.67%). 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. 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 - 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 A Warner Bros. . 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. Stock Price Forecast 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. 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. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. Against the backdrop of a diversified business model benefiting from several structural tailwinds, Sea Limited offers an attractive risk-reward proposition to retail investors. I am not receiving compensation for it (other than from Seeking Alpha). 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. My Seeking Alpha peers in general have expressed bullishness on the name. Tencent has a P/B Ratio of 3.33. I have no business relationship with any company whose stock is mentioned in this article. Stock Price Forecast. On the positive side of things, Tencent is sending a strong signal to the Chinese authorities that it is and wants to be a good corporate citizen. 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. Visit Performance Disclosure for information about the performance numbers displayed above. About the Tencent Holdings Limited stock forecast. The app is now . Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Yahoo Finance's Ines Ferre joins the Live show to discuss the downturn across Chinese tech stocks. is $36.94. June 29, 2022 russell hantz wife; Category: . Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Lun - Ven : 08:00 - 18:00 | Sam : 10:00 - 16:00. global emote hunters; prince fine silver plus cigaretter; clothing brand with red cross logo; full house for rent mississauga kijiji; rio chama dispersed camping; how much does justin bieber charge for a feature. The high estimate is $95.00, and the low is $30.00. In 2021, TCEHY's revenue was 560.12 billion, an increase of 16.19% compared to the previous year's 482.06 billion. Looking for a portfolio of ideas like this one? Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. Sign-up to receive the latest news and ratings for Tencent and its competitors with MarketBeat's FREE daily newsletter. Disclaimer: Past performance is no guarantee of future performance. is $48.51 , for 2024 Mar. Currency in USD Follow 47.12 -0.12. This could possibly translate to a lower degree of regulatory scrutiny for the company in the future. See what's happening in the market right now with MarketBeat's real-time news feed. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. All rights reserved. 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. major impact on the company's business operations in the medium term. A szemlyes adatok felhasznlsnak mdjrl az adatvdelmi irnyelvekben s a cookie-szablyzatban olvashat tovbbi informcit. 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 page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. It offers online games and social network services; FinTech and cloud services, and online advertising services. Move your mouse over a quarter or year to see how estimates have changed over time. 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%. Shares of online mobile gaming platform Skillz (SKLZ 6.72%) have declined by 30.2%in the last month. social media data). Please disable your ad-blocker and refresh. BREAKING: Tiny biotech successfully treats blindness (Ad), My No. Earnings for Tencent are expected to grow by 28.68% in the coming year, from $1.29 to $1.66 per share. Transform Your Portfolio With This Simple Morning Trade! Tencent had a trailing twelve-month return on equity of 8.93% and a net margin of 32.16%. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 1 month ago - Bloomberg Markets and Finance, A Comprehensive Guide to Video Gaming ETFs. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? I wrote this article myself, and it expresses my own opinions. Actual results may differ. 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. Twilio Fair Value Forecast for 2023 - 2025 - 2030. The content on any of Financhill websites, products or communication is for educational purposes only. Date Range investment. What might change the downward trend? Shares of these innovative growth stocks are richly valued, yet they have solid potential to go even higher in the coming years. buying assets at a discount e.g. It offers online games and social network services; FinTech and cloud services, and online advertising services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Tencent Holdings Limited Stock Forecast and Price Prognosis Data for 2022 History Forecast Charts Data Market Q&A Comments Buy CRYPTO Get 12% interest on Crypto Select other stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table. dolphfyn/iStock Editorial via Getty Images. TCEHY is a tech conglomerate with market-leading positions in video gaming, social networks, video streaming, fintech, cloud, and more. The P/E ratio of Tencent is 16.95, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 361.38. NYSE and AMEX data is at least 20 minutes delayed.