Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  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
Delayed Hong Kong Stock Exchange  -  04:08 2022-10-05 am EDT
279.00 HKD   +5.76%
05:13aHong Kong stocks help emerging markets rise 2%
RE
10/04Argentine fintech Uala to invest $150 mln on Mexico, Colombia expansion, CEO says
RE
10/04Esports Team of Imperium Technology's Subsidiary Wins Two Contests; Shares Drop More than 22%
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China stocks fall amid COVID-19 woes; property developers surge

07/25/2022 | 01:11am EDT

SHANGHAI, July 25 (Reuters) - China stocks fell on Monday as domestic COVID-19 flare-ups and global recession concerns weighed on equities, although real estate companies surged as a source told Reuters that Beijing is planning to provide financial support to the sector.

The CSI300 index fell 0.8% to 4,203.55 at the end of the morning session, while the Shanghai Composite Index lost 0.7%, to 3,246.70.

The Hang Seng index dropped 0.8% to 20,454.69. The Hong Kong China Enterprises Index lost 0.9% to 7,039.86.

** Mainland China reported 800 new coronavirus cases for Sunday.

** Other Asian stocks also lost ground, as worries about a global economic downturn sapped investors' risk appetite.

** "A-shares appeared relatively weak since July, following a strong rebound," said CICC in a note, adding that investors should focus on the potential upcoming July Politburo meeting.

** China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter.

** The Hang Seng Mainland Properties Index jumped 3.4%, and the CSI 300 Real Estate Index rose 1.9%.

** New energy shares lost 1.7%, automobiles tumbled 2.8%, and communications equipment declined 2.1%.

** The Shanghai Stock Exchange (SSE) vowed to maintain market stability ahead of the politically significant 20th Party Congress later this year.

** China's transport ministry tightened existing rules governing how online ride-hailing firms should handle and share their data with regulators, signaling tighter regulatory scrutiny.

** Tech giants listed in Hong Kong dropped 2%, with index heavyweights Alibaba, Tencent and Meituan down between 2% and 3%.

** Meanwhile, the Financial Times reported that China is planning to sort U.S.-listed Chinese companies into groups based on the sensitivity of the data they hold, bringing them into compliance with U.S. rules. (Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.33% 84.39 Delayed Quote.-29.19%
MEITUAN INC. 8.16% 174.9 Delayed Quote.-22.40%
S&P/CITIC 300 INDEX -0.61% 3483 Real-time Quote.-22.44%
S&P/CITIC 50 INDEX -0.37% 3385.92 Real-time Quote.-19.31%
SHANGHAI A INDEX -0.55% 3169.6 Real-time Quote.-16.90%
SHANGHAI STOCK EXCHANGE B SHARES INDEX -0.15% 283.6251 Real-time Quote.-0.78%
TENCENT HOLDINGS LIMITED 5.76% 279 Delayed Quote.-42.25%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.34% 7.0626 Delayed Quote.10.73%
All news about TENCENT HOLDINGS LIMITED
05:13aHong Kong stocks help emerging markets rise 2%
RE
10/04Argentine fintech Uala to invest $150 mln on Mexico, Colombia expansion, CEO says
RE
10/04Esports Team of Imperium Technology's Subsidiary Wins Two Contests; Shares Drop More th..
MT
10/03Tencent Reportedly Seeks M&A
CI
10/03Suing Grey And Black Industry For Unfair Competition, Tencent Awarded 5 Million Yuan
AQ
10/01Reuters-schedule/…
RE
10/01Tencent shifts focus to majority deals, overseas gaming assets for growth-sources
RE
09/30EU antitrust regulators set Nov. 8 deadline for Microsoft, Activision decision
RE
09/28U.S. boutique bank Raine expands in Southeast Asia, bets on media and tech
RE
09/28Italy's Satispay valued at over 1 billion euro after raising 320 million euros
RE
More news
Analyst Recommendations on TENCENT HOLDINGS LIMITED
More recommendations
Financials
Sales 2022 568 B 79 824 M 79 824 M
Net income 2022 101 B 14 207 M 14 207 M
Net cash 2022 76 897 M 10 809 M 10 809 M
P/E ratio 2022 23,7x
Yield 2022 0,40%
Capitalization 2 382 B 335 B 335 B
EV / Sales 2022 4,06x
EV / Sales 2023 3,43x
Nbr of Employees 110 715
Free-Float 63,2%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 55
Last Close Price 252,85 CNY
Average target price 382,05 CNY
Spread / Average Target 51,1%
EPS Revisions
Managers and Directors
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau Chief Strategy & Investment Officer
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
Sector and Competitors
1st jan.Capi. (M$)
TENCENT HOLDINGS LIMITED-42.25%316 603
NETFLIX, INC.-60.04%107 058
PROSUS N.V.-22.75%77 541
AIRBNB, INC.-33.44%70 863
UBER TECHNOLOGIES, INC.-30.38%57 794
COSTAR GROUP, INC.-8.91%29 995