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

Tencent : Rand, lira lead EMEA currencies lower as virus cases rise

07/19/2021 | 04:29am EDT

* Rand volatility nears 3-mth highs

* Baidu, Alibaba and Tencent fall on new regulatory woes

* Oil weakness hits Russian rouble

July 19 (Reuters) - Emerging market stocks and currencies tumbled on Monday as investors rushed to safe havens on rising COVID-19 cases around the globe, while fears of stricter regulations weighed on major Chinese technology stocks.

MSCI's index of emerging market (EM) currencies dropped 0.4% and was headed for its worst day in a month, with Turkey's lira and the South African rand leading losses across Europe, the Middle East and Africa (EMEA). Both currencies fell about 0.7%.

Losses in heavyweight Chinese technology stocks dragged MSCI's EM stock index 1.3% lower. Most bourses in EMEA fell between 0.6% and 1.2%.

Alibaba and Tencent, two of the top three stocks on the MSCI index, fell about 3% and 2.5%, respectively.

A Shanghai court at the weekend posted a list of "typical unfair competition cases" involving several major Chinese tech companies, including Alibaba, Tencent, and search engine Baidu which dropped 3.8%.

But rising virus cases, particularly of the highly infectious Delta variant, cast a pall over most risk-driven assets, and encouraged flows into safe havens such as the dollar and the Japanese yen.

"Increasing nerves about the delta-variant COVID-19 are sapping recovery hopes across the Asia-Pacific... you can choose your poison on that front globally, with the U.S., Europe, and the UK also experiencing rises in cases," Jeffrey Halley , Senior Market Analyst, Asia Pacific, at OANDA, wrote in a note.

South Africa's rand fell 0.7% after wild swings over the past few sessions, as the weak risk appetite exacerbated concerns over civil violence in the country.

One-month dollar options on the rand, a common gauge of volatility, hovered just below three-month highs.

Turkey's lira was set to snap a six-day winning streak. The currency has been among the top performing EM units over the past few weeks with a yield of 19% - the highest in the world - and the prospect of near-term stable monetary policy attracting investors.

Minutes of the central bank's meeting last week will be scrutinised for further affirmation of steady policy.

Turkish markets will be closed for the rest of the week.

Russia's rouble fell 0.4%, tracking a drop in oil prices after OPEC+ reached a deal to increase supply. Fears of waning demand, due to a rise in virus cases, have also rattled oil markets in recent weeks.

Central European currencies retreated against the euro and the dollar.

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 Kirsten Donovan)


ę Reuters 2021
All news about TENCENT HOLDINGS LIMITED
09/24Tech Flat As China Cryptocurrency Crackdown Weighs -- Tech Roundup
DJ
09/24GLOBAL MARKETS LIVE : Daimler, GeNeuro, Nike, Thermo Fischer...
09/24DAVID LI : Exclusive-China is unlikely to approve Baidu's $3.6 billion purchase of JOYY's ..
RE
09/24Chinese gaming firms vow self-regulation amid crackdown on teen addiction
RE
09/24DELIVERY HERO : To Invest $200 Million In Grocery Startup Gorillas
MT
09/23SAIC MOTOR : General Motors to Invest $300 Million in SAIC, Tencent-Backed Autonomous Driv..
MT
09/23Abroad-focused Chinese Firms Show Path to Growth in Tech Crackdown
DJ
09/23China stocks rise, Evergrande's assurances lift real estate
RE
09/23Gorillas Technologies GmbH announced that it has received $950 million in funding from ..
CI
09/23Tencent Holdings Limited completed the acquisition of remaining 61% stake in Sogou Inc...
CI
More news
Analyst Recommendations on TENCENT HOLDINGS LIMITED
More recommendations
Financials
Sales 2021 579 B 89 488 M 89 488 M
Net income 2021 150 B 23 156 M 23 156 M
Net cash 2021 136 B 21 051 M 21 051 M
P/E ratio 2021 24,7x
Yield 2021 0,42%
Capitalization 3 641 B 563 B 563 B
EV / Sales 2021 6,06x
EV / Sales 2022 4,93x
Nbr of Employees 94 182
Free-Float 62,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 382,21 CNY
Average target price 540,85 CNY
Spread / Average Target 41,5%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capi. (M$)
TENCENT HOLDINGS LIMITED-18.40%563 073
NETFLIX, INC.9.55%262 189
PROSUS N.V.-20.54%261 518
AIRBNB, INC.19.81%108 948
UBER TECHNOLOGIES, INC.-8.57%87 867
DOORDASH, INC.54.48%74 522