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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Tencent Holdings Limited    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
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Tencent Holdings Limited : One could take advantage of the market's hesitation

08/11/2020 | 01:48am EST
long trade
Target price hit
Entry price : 502HKD | Target : 577HKD | Stop-loss : 479HKD | Potential : 14.94%
Shares in Tencent Holdings Limited are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Investors have an opportunity to buy the stock and target the HKD 577.
Tencent Holdings Limited : Tencent Holdings Limited : One could take advantage of the market's hesitation
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
  • Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The tendency within the weekly time frame is positive above the technical support level at 410.4 HKD

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at HKD 546.5.
  • Technically, the stock approaches a strong medium-term resistance at HKD 564.
  • Based on current prices, the company has particularly high valuation levels.
  • With a 2020 P/E ratio at 44.35 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
  • The company is not the most generous with respect to shareholders' compensation.

© MarketScreener.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2020 481 B 74 136 M 74 136 M
Net income 2020 128 B 19 777 M 19 777 M
Net cash 2020 64 621 M 9 969 M 9 969 M
P/E ratio 2020 53,0x
Yield 2020 0,19%
Capitalization 6 680 B 862 B 1 031 B
EV / Sales 2020 13,8x
EV / Sales 2021 11,0x
Nbr of Employees 77 592
Free-Float 60,2%
Upcoming event on TENCENT HOLDINGS LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 595,13 CNY
Last Close Price 701,50 CNY
Spread / Highest target 7,25%
Spread / Average Target -15,2%
Spread / Lowest Target -49,6%
EPS Revisions
Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED35.90%882 598
NETFLIX, INC.3.92%248 258
PROSUS N.V.13.06%196 879
NASPERS LIMITED25.45%101 227
UBER TECHNOLOGIES, INC.1.80%91 575
SPOTIFY TECHNOLOGY S.A.7.10%63 892