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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 01/28
460 HKD   -0.65%
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Hong Kong shares end at 7-week low on COVID-19 concerns, tech crackdown

11/26/2021 | 03:57am EST

Nov 26 (Reuters) - Hong Kong shares closed down on Friday at their lowest in seven weeks, tracking weak global markets on worries around a new and possibly vaccine-resistant coronavirus variant, while reports of a tech crackdown indicate the movement is far from over.

The Hang Seng index fell 2.7% to 24,080.52, while the China Enterprises Index lost 2.7% to 8,576.07.

** For the week, the Hang Seng Index lost 3.9%, while the China Enterprises Index retreated 4.4%. Both logged their biggest weekly decline in 10.

** Hong Kong has found cases of the new variant, which was initially detected in South Africa. Scientists said the variant may be able to evade immune responses, while British authorities thought it is the most significant variant to date.

** Tech giants tumbled 3.3%, with Tencent Holdings , Meituan, and Alibaba Group down between 3% and 4.7%.

** China's market regulator proposed new rules on Friday aimed at increasing oversight over the internet advertising sector.

** Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported.

** The Wall Street Journal reported that some Chinese state-run companies were restricting employees' use of Tencent's messaging app Weixin.

** Meanwhile, gambling stocks slumped 6.6% on COVID-19 concerns. (Reporting by the Shanghai Newsroom; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MEITUAN -0.67% 208 End-of-day quote.-7.72%
TENCENT HOLDINGS LIMITED -0.65% 460 End-of-day quote.0.70%
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 567 B 89 089 M 89 089 M
Net income 2021 159 B 25 046 M 25 046 M
Net cash 2021 138 B 21 637 M 21 637 M
P/E ratio 2021 23,1x
Yield 2021 0,45%
Capitalization 3 579 B 563 B 563 B
EV / Sales 2021 6,07x
EV / Sales 2022 5,09x
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 375,50 CNY
Average target price 496,30 CNY
Spread / Average Target 32,2%
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
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