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

European stocks ease from peaks, Prosus hits 1-year low

07/26/2021 | 04:50am EDT

* Auto stocks end lower

* Tencent investor Prosus tumbles

* German DAX hit by business morale data

July 26 (Reuters) - European stocks eased from all-time highs on Monday, hurt by a decline in shares of Dutch technology investor Prosus on regulatory clampdowns in China.

The pan-European STOXX 600 index fell 0.1%, snapping a four-session rally.

Prosus NV, which has a 28.9% stake in Tencent , tumbled 8.8% to a more than one-year low after Beijing intensified its regulatory crackdown on the Chinese internet giant.

"The current profit taking induced in part by pressure on China's tech is unlikely to last long as U.S. stocks should again be bought on the dip," said Sebastien Galy, senior macro strategist at Nordea Asset Management.

Despite concerns about surging COVID-19 cases globally and rising inflation, the STOXX 600 hit a record high on Friday as strong earnings reports and dovish signs from the European Central Bank boosted appetite for risky equities.

Automakers fell on Monday. Porsche was down 1.9% as it traded without entitlement for dividend, and French car parts maker Faurecia slipped 5.7% despite raising its 2021 net cash flow target.

Europe's largest low-cost carrier, Ryanair, rose 3.8% as it nudged up its forecast for full-year traffic on strong summer bookings.

That helped the wider travel and leisure sector to be among the few sectoral gainers on Monday.

Analysts expect second-quarter profit at STOXX 600 companies to jump 115% versus a year ago, as per Refinitiv IBES data. Out of nearly a third of STOXX 600 companies that have reported so far, 63% have topped profit estimates.

"We continue to advocate a strong weighting towards Europe," equity strategists at Jefferies wrote in a note.

"We expect European economic momentum to pick up running into 2022 accompanied by earnings growth ~67% y-y for 2021 and ~22% y-y for 2022 which should lift the STOXX 600 index to 500."

Germany's DAX index fell 0.3% after an Ifo institute survey showed business morale fell unexpectedly in July on continuing supply chain worries.

"The DAX is underperforming after the latest IFO survey appeared to suggest that the German economy is starting to slow in the wake of rising costs and Delta variant infections," said Michael Hewson, chief market analyst at CMC Markets.

Spanish pharmaceuticals company Almirall fell 11.6% after posting a first-half net loss of 42.8 million euros ($50.41 million).

German biotech firm Morphosys slid 8.7% after cutting its revenue guidance for 2021. (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila and Timothy Heritage)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALMIRALL, S.A. 0.99% 14.33 Delayed Quote.31.23%
FAURECIA SE 2.33% 38.7 Real-time Quote.-7.66%
MORPHOSYS AG 3.58% 41.71 Delayed Quote.-55.54%
PORSCHE AUTOMOBIL HOLDING SE -1.93% 83.4 Delayed Quote.47.87%
PROSUS N.V. -1.36% 68.92 Real-time Quote.-22.00%
RYANAIR HOLDINGS PLC 1.59% 16.885 Real-time Quote.3.88%
TENCENT HOLDINGS LIMITED 2.39% 461.8 End-of-day quote.-18.12%
All news about TENCENT HOLDINGS LIMITED
12:22aTENCENT : Philippines' Voyager obtains digital banking license from central bank
RE
09/19TENCENT : Parents laud Chinese rules aimed at kids' 'unhealthy' gaming
AQ
09/19TikTok's Chinese Version Limits Access to Underage Users
MT
09/19TENCENT : Allows WeChat Users to Access Links to Rival Platforms
MT
09/19ALIBABA : Pinduoduo Founder Sheds Over $27 Billion in Wealth Amid Beijing Tech C..
MT
09/18Chinese version of TikTok limits use of app by those under 14
RE
09/17Communication Services Shares Move Lower - Communication Services Roundup
DJ
09/17Analysis-Investors brace for a great fall in China
RE
09/17Investors brace for a great fall in China
RE
09/17SUNWAH KINGSWAY CAPITAL : Sells Nearly $2 Million Tencent Shares
MT
More news
Analyst Recommendations on TENCENT HOLDINGS LIMITED
More recommendations
Financials
Sales 2021 579 B 89 530 M 89 530 M
Net income 2021 151 B 23 289 M 23 289 M
Net cash 2021 136 B 21 052 M 21 052 M
P/E ratio 2021 24,7x
Yield 2021 0,42%
Capitalization 3 655 B 565 B 565 B
EV / Sales 2021 6,08x
EV / Sales 2022 4,95x
Nbr of Employees 94 182
Free-Float 62,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 383,69 CNY
Average target price 542,27 CNY
Spread / Average Target 41,3%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capi. (M$)
TENCENT HOLDINGS LIMITED-18.12%565 345
NETFLIX, INC.8.99%260 844
PROSUS N.V.-22.00%257 627
AIRBNB, INC.13.48%103 193
DOORDASH, INC.56.15%75 329
UBER TECHNOLOGIES, INC.-22.06%74 903