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There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. Tencent had a trailing twelve-month return on equity of 8.93% and a net margin of 32.16%. is $78.24 , for 2032 Mar. Uncover cheap stocks, great businesses listed in Asia focusing on HongKong. Tencent Holdings Limited (TCEHY) Stock Price, News, Quote & History - Yahoo Finance Tencent Holdings Limited (TCEHY) Other OTC - Other OTC Delayed Price. This represents an increase of 1.61% from the last closing price of $47.24. Tencent's OTC shares are relatively less liquid than the company's shares listed on the Hong Kong Stock Exchange. Date Range investment. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Visit www.zacksdata.com to get our data and content for your mobile app or website. What is Tencent's stock price forecast for 2023? 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. Asia Value & Moat Stocks is a research service for value investors seeking value stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. However, this pullback presents a unique entry opportunity to buy shares of this high-margin and no-debt gaming company. 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. Tencent (OTCPK:TCEHY), one of the highest quality stocks available in the Chinese market, has seen its stock crushed in spite of not being in the direct crosshairs of the regulatory overhaul that has caused the Chinese bear market. We use cookies to understand how you use our site and to improve your experience. The technology company earned $15.02 billion during the quarter, compared to analyst estimates of $14.76 billion. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Zacks Ranks stocks can, and often do, change throughout the month. American Consumer News, LLC dba MarketBeat 2010-2023. Those who understand the pendulum's behavior can benefit enormously. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. . Tencent (OTCMKTS:TCEHY) pays an annual dividend of $0.18 per share and currently has a dividend yield of 0.38%. Any trades shown are hypothetical example and do not represent actual trades. And it couldnt be more wrong! The high estimate is $95.00, and the low is $30.00. The company is not yet profitable, but financials are trending in the right direction. TCEHY does share some characteristics with DiDi, specifically its market dominance of specific market segments in China (i.e. This payout ratio is at a healthy, sustainable level, below 75%. 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. Theme #1: Cannabis. Twilio Fair Value Forecast for 2023 - 2025 - 2030. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The average price target represents a 10.02% change from the last price of $43.63. I am not receiving compensation for it (other than from Seeking Alpha). The company employs 85,858 workers across the globe. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Learn More. The 12-month stock price forecast is $53.42, which is an increase of 13.37% from the latest price. Only one analyst offered a short-term price target of $48.00 for Tencent Holding Ltd. Zacks Style Scores Education - Learn more about the Zacks Style Scores. 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. Which Chinese stocks does he recommend? By not hosting games of chance, the company has managed to reduce its regulatory challenges associated with the likes of daily fantasy sports and online sportsbooks. higher than where it traded at the beginning of 2018. 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. Cannabis stocks have been on a rollercoaster the past few years, acknowledges sector director Kris Inton. The ex-dividend date is Thursday, May 19th. Free Stock Analysis Report: See The True Value of Any Stock. These Stocks Plunge. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Tencent's mailing address is Tencent Building Kejizhongyi Avenue Hi-tech Park, Shenzhen F4, 518057. See rankings and related performance below. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if TCEHY could be a good portfolio addition. 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. 2022 Cable News Network. Most stock quote data provided by BATS. 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. 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. 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. Considering that Tencent's current valuations have priced in the known and obvious regulatory headwinds and policy issues to a large extent, I retain a Neutral rating for Tencent Holdings. None of the information presented should be construed as an offer to sell or buy any particular security. The technology company can be reached via phone at 86-755-8601-3388, via email at ir@tencent.com, or via fax at 86-755-8601-3399. This realization might suggest that TCEHY is a buying opportunity courtesy of the falling price. The company's quarterly active users of digital entertainment soared by 61% year over year to 648.8 million, while quarterly paying users rose even faster at 124% year over year to 79.8 million at the end of the first quarter (ending March 31, 2021). 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. 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. 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. 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. In this Bloomberg article, it is speculated that because tutoring companies were targeted by the authorities because "excessive tutoring torments youths, burdens parents with expensive fees and exacerbates inequalities in society." Discover historical prices for TCEHY stock on Yahoo Finance. Vous tes ici : jacob ramsey siblings; map of california central coast cities; tcehy stock forecast 2030 . Tencent Stock Price. If you do not, click Cancel. At the same t #Morningstar #International Stocks #HowtoInvest Experts forecast that international stocks will outperform U.S. stocks in the coming decade. 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. Is this happening to you frequently? Further, owners, employees, agents or representatives of Financhill are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory. Of the four recommendations deriving the current ABR, three are Strong Buy, representing 75% of all recommendations. 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. TCEHY is currently trading in the 20-30% percentile range relative to its historical Stock Score levels. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Should you buy Chinese tech stocks now that China is reopening? Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. certain games promote negative values) and physical health (e.g. 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. In-depth profiles and analysis for 20,000 public companies. Share: Crowdsource Innovation. Amidst all the chaos, TCEHY reported strong earnings results which included 20% top line growth. In spite of modest gross margins, TCEHY has been able to generate solid non-IFRS net margins of around 25% or higher: TCEHY is trading around 20x earnings, which is incredibly cheap for a company that is growing revenues at a 20% clip. gaming and social media), and the company's access to a significant amount of critical data relating to Chinese users (e.g. 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). I am not receiving compensation for it (other than from Seeking Alpha). 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. It is easy to see why. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. I attempt to answer this question in the subsequent section of this article. 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." At the end of my 7 days, my credit card will be conveniently charged $397/quarterly (every 3 months) until I cancel. Please disable your ad-blocker and refresh. The lowest target is $ 28.32 and the highest is $ 73.81. Zacks Rank Education -- Learn more about the Zacks Rank A Warner Bros. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. I expect these actions to limit TCEHYs future profitability, though it is unclear to what extent. *Average returns of all recommendations since inception. Start Now for $1 >>, Jessica Silver-Greenberg and Michael Corkery. Tencent Holding Ltd. currently has an average brokerage recommendation (ABR) of 1.50 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) I explain what I am waiting for before pounding the table. What is the dividend yield for Tencent? Ha nem szeretn, hogy mi s partnereink cookie-kat s szemlyes adatokat hasznljunk ezekre a tovbbi clokra, kattintson Az sszes elutastsa lehetsgre. buying assets at a discount e.g. All rights reserved. 5 brokerages have issued 12 month price targets for Tencent's stock. Based on an average daily volume of 6,786,200 shares, the short-interest ratio is presently 1.4 days. Find the latest TENCENT HOLDINGS LIMITED UNSP A (TCEHY) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance For the next year, analysts predict that Fair Value . Countries. All rights reserved. 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. I don't view Tencent stock as a good Buy now. Julian Lin runsBest Of Breed Growth Stocks, a research service uncovering high conviction ideas in the winners of tomorrow., Get access to hishighest conviction ideas here.. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock. The current ABR compares to an ABR of 1.50 a month ago based on four recommendations. The total 2030 revenue will likely come in at $1 trillion, the analyst estimates. Read our dividend analysis for TCEHY. Fed's Shocking New Plan to Control Your Money, Oriental Culture (NYSE:OCG) versus Tencent (OTCMKTS:TCEHY) Head to Head Review, Tencent Eyes Deal To Sell Meta's Quest 2 VR Headset in China, The Biggest Videogaming Market, Alibaba Rival Tencent Dumps Metaverse Ambitions As Macro Uncertainties Weigh, Tencent And NetEase Score Wins As Chinese Regulator Doles Out Gaming Licenses; Alibaba Bags One This Time Too, Tencent, NetEase Score More Wins As China Awards More Gaming Licenses: Report, China's Tencent Looking to Gobble Up 'Angry Birds' Maker Rovio, China Taps Alibaba, Tencent To Beat US Sanctions, The Best Way to Invest in Emerging Markets Just Got Even Better, TENCENT HLDGS UNSP/ADR (TCEHY) Q3 2022 Earnings Call Transcript. This could possibly translate to a lower degree of regulatory scrutiny for the company in the future. 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. 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. The average price target is $48.00 with a high forecast of $48.00 and a low forecast of $48.00. Manali Bhade has no position in any of the stocks mentioned. Tencent saw a increase in short interest in February. 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tencent in the last twelve months. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Cloudflare is currently guiding for fiscal 2021 revenue of $612 million to $616 million, implying a 42% year-over-year rise at the midpoint. However, as I mentioned earlier in this article, China's new regulations and policy stance could have a negative impact on Tencent Holdings' future earnings, which are unlikely to be reflected in the company's current consensus financial numbers yet. In the first quarter, App Annie ranked Shoppe as a leading app on Android platforms in Southeast Asia and Taiwan in the shopping category based on average monthly users and total time spent. Should I buy or sell Tencent stock right now? Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, If You Invested $1,000 in Nvidia in 1999, Here's the Shocking Amount You Would Have Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. On April 19, 2021, Tencent Holdings announced its refined strategy of "promoting sustainable innovations for social value, alongside nurturing the consumer Internet." Discovery Company. This indicates that Tencent will be able to sustain or increase its dividend. How often does Tencent pay dividends? Investing involves substantial risk. History; Forecast; Charts; Data; Market; Q&A; Comments; Buy CRYPTO . Visit Performance Disclosure for information about the performance numbers displayed above. 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. How good is it? 2023 Stock Analysis. 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. In five years' time, I see slower earnings growth and reduced profitability for Tencent, as the company tries to strike a delicate balance between the interests of its shareholders and those of the nation. 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. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders). 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 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. NYSE and AMEX data is at least 20 minutes delayed. Analyst Consensus: Buy Analyst Ratings Our research is based on sources that we believe to be reliable. Besides Free Fire, the company also distributes several of Tencent's (TCEHY -0.25%) popular games. Please. How were Tencent's earnings last quarter? The large customer cohort has emerged as the fastest-growing cohort and accounts for more than half of the company's total revenue. Receive TCEHY Stock News and Ratings via Email, February 22, 2023|americanbankingnews.com. Not Ident. tcehy stock forecast 2030. 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. 326 E 8th St #105, Sioux Falls, SD 57103 I understand that I am receiving a special one-time deal and will be billed $397 for 6 months membership (instead of the usual 3 months quarterly membership) and that after 6 months I will be billed at $397 quarterly thereafter unless I choose to cancel, which I may do at any time. As highlighted earlier, Tencent Holdings' shares dropped by almost -8% from HK$531.00 as of July 23, 2021 to HK$490.00 as of July 26, 2021. 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. Shopee continues to dominate the Indonesian e-commerce sector, which is expected to grow faster than the Indian e-commerce market. 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. For more coverage of undervalued growth stocks, including my top picks, consider subscribing to Best of Breed. This rating has held steady since February, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail. Ceri Parker Previously Commissioning Editor, Agenda, World Economic Forum. 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. Get short term trading ideas from the MarketBeat Idea Engine. The strength of Sea's gaming portfolio is apparent, considering that its internally developed game Free Fire was the most downloaded game in the world in 2020. Delayed quotes by FIS. For readers keen to invest in Tencent's relatively more liquid Hong Kong-listed shares, they can use US stockbrokers with access to international equity markets like Fidelity or Interactive Brokers. Tencent does not have a long track record of dividend growth. I understand my credit card will be charged $7 today for 7 days of Platinum access. This ironically has not appeared to be the case with TCEHY, which has fallen over 40% from all time highs earlier this year: Now trading around $59 per share, TCEHY is barely higher than where it traded at the beginning of 2018. If such regulatory and policy headwinds were absent, shareholders will definitely prefer that TCEHY either returns the RMB50 billion in investment gains (currently earmarked for the new Sustainable Social Value Organization) to shareholders as dividends, or reinvest such proceeds in growing its exiting core businesses. 8 predictions for the world in 2030 Nov 12, 2016. China 'Tries New Tactic' to Control Alibaba, Tencent. Tencent has only been the subject of 1 research reports in the past 90 days. Find the latest TENCENT HOLDINGS LIMITED UNSP A TCEHY analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. major impact on the company's business operations in the medium term. Cloudflare Another game-changing stock that can easily turn $10,000 to. Cloudflare currently offers network services in over 200 citiesand 100 countries. Against this backdrop, the stock seems to be well-positioned to emerge as a wealth generator in the coming years. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Beijing is working to take golden shares' in units of both companies, according to reports. Build your trading network; Follow your favorite assets . 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. (TWLO) Twilio Stock Predictions from the Leading Provider of Short and Long Term Stock Price Forecasts. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! 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. Feb 28, 2023, 06:55 GMT AITX stock price continued its bearish momentum this month as worries about the penny stock continued. 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. All rights reserved. Tencent announced a dividend on Saturday, May 14th. To learn more, click here. Assessing where Tencent will be in five years' time requires an understanding of the new regulatory environment in China and the top priorities of the country, and making an evaluation of how all of these could potentially impact TCEHY's future business operations. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. I have no business relationship with any company whose stock is mentioned in this article. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments.