Log in
E-mail
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

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

TENCENT HOLDINGS LIMITED

(700)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackRock says ETFs match index cuts of China stocks

01/11/2021 | 04:33pm EDT

BOSTON, Jan 11 (Reuters) - Top asset manager BlackRock Inc said its iShares ETFs have complied with index provider moves to drop certain China securities in response to pressure from Washington.

In a note to clients provided by a spokesman for the New York asset manager on Monday, BlackRock listed five ETFs affected by the index provider changes, including four funds based on indexes provided by MSCI Inc and one benchmarked against the FTSE Russell China 50 Index.

The move is the latest as Wall Street firms cut their exposure to China, and shows the influence of index providers whose products determine the flow of passive investments.

Since last month MSCI, FTSE Russell and S&P Dow Jones have said they will remove a total of 15 different companies from equity indexes, among those that the U.S. Defense Department has said have links to the Chinese military. Many of the companies have denied the assertions, and China's government has said the claims lack evidence.

BlackRock has declined to make executives available for interviews. In its note to clients BlackRock said, "iShares ETFs have adjusted and will continue to be responsive in accordance with their respective indexes’ treatment of securities impacted by recent U.S. sanctions on certain Chinese companies."

An MSCI-based fund listed by BlackRock is the $6.8 billion iShares MSCI China ETF. As of Jan. 8, its top holdings were Alibaba Group and Tencent Holdings Ltd, according to BlackRock's website.

Sanctioned firms like China Mobile Ltd, and Hangzhou Hikvision, among the ETF's investments in 2020, are not currently listed.

(Reporting by Ross Kerber in Boston; Editing by Cynthia Osterman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MOBILE LIMITED 0.00% 50 End-of-day quote.13.12%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 1.24% 54.67 End-of-day quote.12.70%
LONDON STOCK EXCHANGE PLC 1.73% 7754 Delayed Quote.-15.39%
TENCENT HOLDINGS LIMITED 2.55% 623.5 End-of-day quote.10.55%
All news about TENCENT HOLDINGS LIMITED
08:30aChina's Tech Giants Vow, in Unison, to Play by Regulator's Rules
DJ
01:02aChina shares rise as some IT firms pledge against anti competition; Hang Seng..
RE
04/13JD.com, Baidu Pledge to Comply With Chinese Regulator's Antitrust Order
DJ
04/13MARKET CHATTER : ByteDance Expands Video Game Presence With Unit's C4games Acqui..
MT
04/13TENCENT  : ByteDance's gaming unit Nuverse acquires C4games
RE
04/13TENCENT  : Chinese Internet firms pledge to avoid anti-competitive behaviors
RE
04/13MARKET CHATTER : China Warns Tencent, JD.com, Other Tech Giants to Learn From Al..
MT
04/13'Fortnite' maker Epic Games gets $28.7 billion valuation in latest funding
RE
04/13WEEKLY PORTFOLIOS REPORT  : Risk appetite persists
04/13China Orders 34 Tech Companies to Rectify Anticompetitive Practices
DJ
More news
Financials
Sales 2021 592 B 90 664 M 90 664 M
Net income 2021 148 B 22 718 M 22 718 M
Net cash 2021 123 B 18 869 M 18 869 M
P/E ratio 2021 41,1x
Yield 2021 0,27%
Capitalization 5 938 B 764 B 909 B
EV / Sales 2021 9,82x
EV / Sales 2022 8,07x
Nbr of Employees 85 858
Free-Float 60,2%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 54
Average target price 648,17 CNY
Last Close Price 623,50 CNY
Spread / Highest target 39,6%
Spread / Average Target 3,96%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED10.55%744 853
NETFLIX, INC.2.40%245 244
PROSUS N.V.6.53%181 164
UBER TECHNOLOGIES, INC.18.90%112 845
AIRBNB, INC.21.22%106 634
NASPERS LIMITED16.07%100 483