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

TENCENT HOLDINGS LIMITED

(700)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 06/03
432.6 HKD   +0.51%
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Toyota, NTT team up on developing smart city platforms

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03/24/2020 | 01:57am EDT
FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show

Toyota Motor Corp and Nippon Telegraph and Telephone Corp have agreed to work together on developing smart cities and will invest 200 billion yen (1.55 billion pounds) in each other to cement the relationship, the two companies said on Tuesday.

The two companies will develop a data platform which will compile and analyse information from homes, vehicles, and public institutions, which will be used to create new services focusing on transportation, health, and energy usage.

Under the agreement, Toyota will take a 2.07% stake in Japan's biggest telecoms company, while NTT will take a 0.9% stake in the automaker.

The platform will be rolled out at the prototype, zero-emissions, hydrogen-powered city near Mt. Fuji in Japan which Toyota is developing to incorporate smart homes, robotics as well as autonomous driving and AI technologies.

After decades spent focusing on making and selling cars, Toyota is increasingly turning to partners in the technology sector to help develop expensive new vehicle technologies as it tries to transform itself into a mobility services company.

"It is necessary not only for each company to engage in its own projects but also for both companies to work closely in jointly building and operating the 'Smart City Platform'," the companies said in a statement.

A growing number of global tech giants including China's Tencent Holdings, Alphabet, Samsung Electronics, and Panasonic, are looking at developing hi-tech, connected cities, although many remain in the early planning stages.

The partnership between Toyota and NTT will build on an existing collaboration under which the companies are jointly developing technology for connected cars.

Toyota has also tied up with other domestic telecoms firms to come up with new technologies, including its partnership with SoftBank Corp to design and market an on-demand, self-driving service platform which will be used in Toyota's prototype city.

NTT sees smart city-related solutions as a growth area as phone usage plateaus at home. It has partnered with the city of Las Vegas to use its data systems technology to analyse real-time car traffic and crowd density data to enhance public security.

(Reporting by Makiko Yamazaki, Naomi Tajitsu and Chang-Ran Kim; Editing by Edwina Gibbs and Stephen Coates)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.49% 1435.05 Delayed Quote.7.68%
LETS HOLDINGS GROUP CO., LTD. -1.90% 11.85 End-of-day quote.96.19%
NIPPON TELEGRAPH AND TELEPHONE CORPORATION -0.57% 2454 End-of-day quote.-10.99%
PANASONIC CORPORATION 1.38% 972.2 End-of-day quote.-5.57%
SAMSUNG ELECTRONICS CO., LTD. 6.03% 54500 End-of-day quote.-2.33%
SOFTBANK CORP. 0.22% 1367.5 End-of-day quote.-6.30%
TEAM, INC. 1.24% 5.705 Delayed Quote.-64.68%
TENCENT HOLDINGS LIMITED 0.51% 432.6 End-of-day quote.15.18%
TOYOTA MOTOR CORPORATION 2.08% 6915 End-of-day quote.-10.36%
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Financials
Sales 2020 475 B 66 685 M 66 685 M
Net income 2020 115 B 16 095 M 16 095 M
Net cash 2020 67 355 M 9 464 M 9 464 M
P/E ratio 2020 36,9x
Yield 2020 0,29%
Capitalization 4 099 B 529 B 576 B
EV / Sales 2019
EV / Sales 2020 8,50x
Nbr of Employees 64 238
Free-Float 60,1%
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Technical analysis trends TENCENT HOLDINGS LIMITED
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Mean consensus BUY
Number of Analysts 47
Average target price 456,34 CNY
Last Close Price 432,60 CNY
Spread / Highest target 18,8%
Spread / Average Target 5,49%
Spread / Lowest Target -16,4%
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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