Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Tencent Holdings Limited
  6. News
  7. Summary
    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China stocks fall as COVID-19 concerns weigh on sentiment

11/25/2021 | 11:52pm EST

SHANGHAI, Nov 26 (Reuters) - China stocks fell on Friday as domestic COVID-19 cases and a new and possibly vaccine-resistant coronavirus variant weighed on investor sentiment, with semiconductor-related and energy shares leading the drop.

The CSI300 index fell 0.6% to 4,865.00 by the end of the morning session, while the Shanghai Composite Index lost 0.5% to 3,566.18.

The Hang Seng index dropped 2.1% to 24,213.55. The Hong Kong China Enterprises Index lost 2.1% to 8,626.31.

** For the week, the CSI300 index has shed 0.5%, while the Hang Seng Index lost 3.3%. Hong Kong stocks set to post their biggest weekly decline in 10.

** A handful of local COVID-19 cases in eastern parts of China have prompted Shanghai city to limit tourism activities and a nearby city to cut public transportation services.

** That sent tourism stocks and consumer staples down 1.6% and 0.6%, respectively.

** Meanwhile, the real estate sub-index, the energy sub-index, the semiconductor sub-index dropped between 1.3% and 2.8%.

** In the global market, the detection of a new and possibly vaccine-resistant coronavirus variant in South Africa spooked investors, pushing them to dump risk assets and flock to safe havens.

** Refinitiv data showed outflows of more than 1 billion yuan through the Northbound legs of the Stock Connect programme ,, showing overseas investors were net sellers of A-shares.

** Morgan Stanley said it continues to prefer A-shares in the China space and will wait for a better entry point.

** "Recent remarks around a policy easing stance and an A-share structural inflow catalyst are positive, but pressure lingers on the earnings front and consensus' estimates reduction could last for longer," Morgan Stanley said in a note.

** Hong Kong shares tracked global markets lower as the new COVID-19 variant weighed on sentiment.

** Tech giants tumbled 2.6%, with Tencent Holdings , Meituan, and Alibaba Group down between 3% and 4%.

** The Wall Street Journal reported on Thursday that some Chinese state-run companies were restricting employees’ use of Tencent's messaging app Weixin, citing security concerns.

** Gambling stocks slumped 4.5%. (Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MEITUAN -0.35% 225 End-of-day quote.-0.18%
TENCENT HOLDINGS LIMITED 1.46% 473.6 End-of-day quote.3.68%
All news about TENCENT HOLDINGS LIMITED
04:16aTencent plans to take U.S.-listed streaming firm DouYu private -sources
RE
01/26Ford, Jiangling form China joint venture to sell SUVs, vans
RE
01/26Tobii Dynavox partners with Tencent's Sogou to empower people with disabilities in Chin..
AQ
01/26Hong Kong shares end marginally higher ahead of Fed policy update
RE
01/25China Ruyi Seeks $38.5 Million From Share Subscription Deals; Shares Leap 6%
MT
01/25Analysis-A metaverse with Chinese characteristics is a clean and compliant metaverse
RE
01/25BYD Sanctions 94 Employees, 28 Suppliers Over Bribery
MT
01/25Tencent to launch information service for Chinese tourists to Japan
AQ
01/25Australia PM's WeChat account lost, China accused of interference
AQ
01/25Tencent Fired 'Nearly 70' Staff for Graft in 2021
DJ
More news
Analyst Recommendations on TENCENT HOLDINGS LIMITED
More recommendations
Financials
Sales 2021 567 B 89 252 M 89 252 M
Net income 2021 159 B 25 091 M 25 091 M
Net cash 2021 138 B 21 676 M 21 676 M
P/E ratio 2021 23,6x
Yield 2021 0,44%
Capitalization 3 664 B 580 B 577 B
EV / Sales 2021 6,22x
EV / Sales 2022 5,22x
Nbr of Employees 107 348
Free-Float 62,5%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 384,39 CNY
Average target price 496,30 CNY
Spread / Average Target 29,1%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau Chief Strategy & Investment Officer
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capi. (M$)
TENCENT HOLDINGS LIMITED3.68%579 885
PROSUS N.V.-3.66%203 959
NETFLIX, INC.-40.29%159 330
AIRBNB, INC.-14.63%89 006
UBER TECHNOLOGIES, INC.-17.00%67 516
NASPERS LIMITED-1.70%62 162