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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/03
462.6 HKD   -2.32%
09:53aMarketScreener's World Press Review - December 3, 2021
03:56aHong Kong shares end lower on Didi delisting; HKEx surges
RE
01:32aChangzhou NRB to Supply Auto Parts to Xpeng's New Model; Shares Rally 10%
MT
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Tencent : Hong Kong tech rally supports stocks, FX recovers slightly

10/11/2021 | 04:22am EST

* BAT trio push up EM stocks index

* Turkish lira rises on surprise current account surplus

* Rising inflation, energy shortages weigh on FX

Oct 11 (Reuters) - Gains in major technology stocks helped emerging market equities reach a near two-week high on Monday, while currencies rose slightly from of last week's losses as investors remained on edge over rising inflation.

Hong Kong-listed Baidu, Alibaba Group and Tencent, which are some of the largest emerging market (EM) stocks, rose between 2% to 8% on easing concerns over the long term impact from a regulatory crackdown in China.

The three, known informally as the BAT trio, helped MSCI's EM index add 0.8%. Alibaba rose the most after Daily Journal Corp, chaired by Charlie Munger, boosted its Alibaba holdings by 83% during the third quarter.

Most emerging market currencies recovered from last week's losses, but remained under pressure from surging oil prices and energy shortages, which could feed into inflation and keep economic growth slow - a phenomenon referred to as "stagflation".

"Higher energy prices/shortages will inevitably make their way through global value chains in the form of rising prices and potentially shortages of industrial and consumer goods," Jeffrey Halley, senior market analyst at OANDA wrote in a note.

Turkey's lira rose 0.4% from record lows, after data showed the country's current account unexpectedly swung to a surplus in August.

But the import-reliant economy is expected to remain under pressure this from supply chain disruptions, a falling exchange rate and rising energy costs.

Russia's rouble rose 0.2%, benefiting from stronger crude prices, while Russian stocks touched record highs.

The rouble was among the few EM currencies to gain last week, as a lower-than-expected government forex buying program also lent support.

In central Europe, the Czech crown rose 0.1% to the euro, slightly more than its regional peers as September inflation came in above expectations, pointing towards more interest rate support from the central bank.

Focus was also on the parliamentary election, with two main Czech opposition groups securing a majority and the chance to form a government.

Rising inflation expectations across emerging markets have spurred several central banks into hiking rates. But a sustained rise in commodity prices may limit their effectiveness.

Polish stocks rose 0.6%, while the zloty was flat as assets in the country appeared to be unperturbed by concerns that Poland could possibly leave the European union.

For GRAPHIC on emerging market FX performance in 2021, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see https://tmsnrt.rs/2OusNdX

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For TURKISH market report, see

For RUSSIAN market report, see (Reporting by Ambar Warrick; Editing by Toby Chopra)


ę Reuters 2021
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 569 B 89 216 M 89 216 M
Net income 2021 159 B 24 894 M 24 894 M
Net cash 2021 138 B 21 672 M 21 672 M
P/E ratio 2021 28,4x
Yield 2021 0,36%
Capitalization 4 412 B 566 B 692 B
EV / Sales 2021 7,52x
EV / Sales 2022 6,30x
Nbr of Employees 107 348
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
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 462,60 CNY
Average target price 511,88 CNY
Spread / Average Target 10,7%
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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