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

TENCENT HOLDINGS LIMITED

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Tencent : Trump Administration to Ban WeChat Use in U.S. After Sunday Night

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09/18/2020 | 08:49am EDT

By Katy Stech Ferek

The Trump administration said Friday that it will ban the use of popular messaging and electronic payment app WeChat after Sunday night over national security and data privacy concerns.

In an interview on Fox Business Network, Commerce Secretary Wilbur Ross said he made the decision after President Trump ordered his department to review the Chinese-owned app for national security concerns last month.

"China has been taking all kinds of data...that's what we're trying to squelch," he said.

He said his office will order a similar ban for Chinese-owned app TikTok by Nov. 12 but noted that discussions for a deal that would incorporate data safeguards could enable U.S. users continued access of TikTok.

Write to Katy Stech Ferek at katherine.stech@wsj.com

 


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Financials
Sales 2020 479 B 71 771 M 71 771 M
Net income 2020 120 B 18 022 M 18 022 M
Net cash 2020 80 241 M 12 031 M 12 031 M
P/E ratio 2020 39,0x
Yield 2020 0,27%
Capitalization 4 625 B 695 B 693 B
EV / Sales 2020 9,49x
EV / Sales 2021 7,63x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Average target price 531,27 CNY
Last Close Price 486,17 CNY
Spread / Highest target 43,6%
Spread / Average Target 9,28%
Spread / Lowest Target -27,3%
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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