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

TENCENT HOLDINGS LIMITED

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U.S. Judge may temporarily halt Trump's WeChat ban: Bloomberg News

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09/17/2020 | 08:59pm EDT
FILE PHOTO: The messenger app WeChat is seen among U.S. flags in this illustration picture

A U.S. judge said she is willing to temporarily halt President Donald Trump's ban on Chinese-owned messaging app WeChat following requests by its users, Bloomberg News reported on Thursday.

Judge Laurel Beeler said at a hearing on Thursday she is ready to grant a preliminary injunction as the president's order is too vague, the report said https://bloom.bg/32Hg1T7.

However, a final decision was not issued by the judge on the ban, according to Bloomberg.

WeChat users had filed a motion in U.S. District Court in San Francisco seeking a preliminary injunction to bar the Trump administration from prohibiting the use of WeChat in the United States by individual users, businesses and groups.

Commerce Secretary Wilbur Ross is set to release regulations by Sunday clarifying what WeChat transactions will be prohibited.

President Trump in August banned U.S. transactions with Tencent Holdings Ltd, owner of WeChat, and Bytedance's short-video app TikTok, calling them "significant threats" to national security.

The Justice Department said on Wednesday WeChat users would not face civil or criminal penalties even if the United States bans the app.

(Reporting by Ann Maria Shibu in Bengaluru; Editing by Subhranshu Sahu)


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Financials
Sales 2020 479 B 71 367 M 71 367 M
Net income 2020 120 B 17 965 M 17 965 M
Net cash 2020 85 854 M 12 801 M 12 801 M
P/E ratio 2020 38,7x
Yield 2020 0,27%
Capitalization 4 607 B 689 B 687 B
EV / Sales 2020 9,45x
EV / Sales 2021 7,58x
Nbr of Employees 70 756
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
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Tencent Holdings Limited Technical Analysis Chart | 700 | KYG875721634 | MarketScreener
Technical analysis trends TENCENT HOLDINGS LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 48
Average target price 534,09 CNY
Last Close Price 484,29 CNY
Spread / Highest target 44,2%
Spread / Average Target 10,3%
Spread / Lowest Target -27,1%
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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