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

TENCENT HOLDINGS LIMITED

(700)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/26
586 HKD   +2.27%
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tech slump drags Hong Kong shares down as Sino-U.S. tensions rise

10/15/2020 | 04:57am EST

* Hang Seng index ends down 2.06%

* China Enterprises index HSCE falls 1.6% Fresh Sino-U.S. tensions exacerbate investor worries

* Financials end 1.9% lower; tech slumps 3.57%

Oct 15 (Reuters) - Hong Kong shares slumped on Thursday as investor sentiment took a blow from escalating Sino-U.S. tensions, a surge in global COVID-19 cases and the impasse over a U.S. stimulus package to boost the world's largest economy.

** At the close of trade, the Hang Seng index was down 508.55 points or 2.06% at 24,158.54. The Hang Seng China Enterprises index fell 1.6% to 9,762.28. ** Sentiment took a hit with tech shares leading the decline. Alibaba Group Holding slumped 4.30% after Reuters reported that the Trump administration is considering adding Alibaba-backed Ant Group to a trade blacklist before the financial technology firm is set for a huge dual listing in Shanghai and Hong Kong. ** China said on Thursday that the United States was abusing the concept of national security to oppress foreign companies following the blacklisting report. ** Victor Huang, head of investment strategy at Guotai Junan International in Hong Kong, said the report had prompted a sell-off, but that valuations were already stretched. ** He said global institutional investors were also adopting more conservative stances ahead of U.S. elections in November to guard against volatility after booking strong profits this year, while an elusive U.S. stimulus package meant a dearth of excess liquidity to boost valuations further. ** U.S. Treasury Secretary Steve Mnuchin said Wednesday that a coronavirus economic relief package would be hard to reach before the Nov. 3 elections. ** The Hang Seng tech sub-index dropped 3.57%, with index heavyweight Tencent Holdings losing 3.75%. ** A financials sub-index also dropped 1.86% after the U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China's crackdown in Hong Kong that they could soon face tough sanctions. ** In China, soft September inflation data underscored the challenges still faced by China's economy. (Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.45% 276.48 Delayed Quote.30.94%
HANG SENG 0.47% 26923.44 Real-time Quote.-4.94%
TENCENT HOLDINGS LIMITED 2.27% 586 End-of-day quote.56.02%
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Financials
Sales 2020 481 B 73 108 M 73 108 M
Net income 2020 128 B 19 430 M 19 430 M
Net cash 2020 71 088 M 10 814 M 10 814 M
P/E ratio 2020 44,2x
Yield 2020 0,23%
Capitalization 5 547 B 716 B 844 B
EV / Sales 2020 11,4x
EV / Sales 2021 9,08x
Nbr of Employees 70 756
Free-Float 60,4%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 577,31 CNY
Last Close Price 583,00 CNY
Spread / Highest target 23,1%
Spread / Average Target -0,98%
Spread / Lowest Target -39,4%
EPS Revisions
Managers
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
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