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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/22
509.5 HKD   +0.79%
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Tencent : Hong Kong shares end lower ahead of key U.S. data

09/03/2021 | 05:10am EDT

Sept 3 (Reuters) - Hong Kong shares finished lower on Friday, dragged down by tech stocks, as investors stood on the sidelines ahead of a key U.S. jobs data due later in the day for clues on the timing and pace of Federal Reserve's plan to withdraw its pandemic-era stimulus.

** But, losses on the benchmark were limited by Hong Kong-listed Chinese brokerages after Beijing floated plans for a new stock exchange.

** At the close of trade, the Hang Seng index was down 188.44 points or 0.72% at 25,901.99 points, while the Hang Seng China Enterprises index fell 0.53% to 9,291,71.

** For the week, the HSI index gained 1.95%.

** The sub-index of Hang Seng tech shares ended 1.07% lower, while the financial sector fell 0.18%.

** Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report to set the stage for the Fed's policy meeting later this month.

** Alibaba was among the main drags on Friday after the company said it would invest 100 billion yuan ($15.49 billion) by 2025 in support of "common prosperity", raising concerns over possible impact on the company's balance sheet and new crackdown on the tech sector, some analysts said.

** Other companies that have made similar announcements include Tencent Holdings, which also pledged 100 billion yuan.

** Losses were somehow capped by Chinese brokerage shares after China's President Xi Jinping said the country would set up a stock exchange in its capital, Beijing, to serve small- and medium-sized enterprises.

** Shares of Hong Kong-listed Chinese brokerages, including Shenwan Hongyuan Group Co and CICC jumped, with investors betting they will benefit from more initial public offerings.

($1 = 6.4552 Chinese yuan)

(Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED -0.92% 19.4 End-of-day quote.-7.62%
TENCENT HOLDINGS LIMITED 0.79% 509.5 End-of-day quote.-9.66%
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 577 B 90 324 M 90 324 M
Net income 2021 150 B 23 439 M 23 439 M
Net cash 2021 148 B 23 223 M 23 223 M
P/E ratio 2021 27,1x
Yield 2021 0,38%
Capitalization 3 986 B 624 B 624 B
EV / Sales 2021 6,65x
EV / Sales 2022 5,47x
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 418,46 CNY
Average target price 530,61 CNY
Spread / Average Target 26,8%
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
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