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    700   KYG875721634

TENCENT HOLDINGS LIMITED

(700)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 09/17
461.8 HKD   +2.39%
09/17Communication Services Shares Move Lower - Communication Services Roundup
DJ
09/17Analysis-Investors brace for a great fall in China
RE
09/17Investors brace for a great fall in China
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HK stocks fall on Tencent regulatory concerns; China little changed

08/03/2021 | 12:54am EDT

SHANGHAI, Aug 3 (Reuters) - Hong Kong stocks fell on Tuesday, with tech shares leading the declines, as index heavyweight Tencent Holdings Ltd slumped over 10% after a media report stoked concerns over tighter regulation on online gaming.

** China stocks were unchanged, as a jump in healthcare stocks amid fresh COVID-19 fears offset falls in banks and developers.

** The Hang Seng index dropped 1.0% to 25,987.16 at the end of the morning session, while the Hong Kong China Enterprises Index lost 1.1%, to 9,233.11.

** The CSI300 index rose 0.2%, to 4,945.12, while the Shanghai Composite Index was unchanged at 3,464.31.

** The Hang Seng Tech Index fell 2.4%.

** Tencent was set to see its sharpest fall in a decade after a Chinese state media outlet branded online video games "spiritual opium", worrying investors that the sector may be next in regulators' crosshairs.

** Hong Kong-listed shares of rival NetEase Inc slumped as much as 15.7%, while those of game developer XD Inc and mobile gaming company GMGE Technology Group Ltd also plunged.

** In China, healthcare stocks surged as COVID-19 vaccine and diagnosis stocks jumped amid signs of the virus spreading into more Chinese cities. ** But property stocks in both markets weakened further.

** China Evergrande Group, the country's most-indebted developer, slumped nearly 5%, after Moody's downgraded the company and its affiliates, and a unit of Leo Group sued Evergrande for failing to pay fees for advertisement.

** "With the lack of signs of a rebound in economic fundamentals, a slowdown in domestic credit, and no further monetary easing policy, the stock market's risk appetite is unlikely to increase in the short run," UBS Securities China Rates Market analyst Mary Xia wrote.

(Reporting by Shanghai Newsroom; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -3.42% 2.54 End-of-day quote.-82.95%
CMGE TECHNOLOGY GROUP LIMITED 4.98% 3.37 End-of-day quote.22.10%
HANG SENG 0.92% 24884.66 Real-time Quote.-8.62%
LEO GROUP CO., LTD. -4.55% 2.73 End-of-day quote.-9.90%
NETEASE, INC. -1.73% 82.88 Delayed Quote.-13.46%
TENCENT HOLDINGS LIMITED 2.39% 461.8 End-of-day quote.-18.12%
XD INC. 0.57% 43.75 End-of-day quote.-6.62%
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 579 B 89 531 M 89 531 M
Net income 2021 151 B 23 292 M 23 292 M
Net cash 2021 136 B 21 073 M 21 073 M
P/E ratio 2021 24,7x
Yield 2021 0,42%
Capitalization 3 655 B 565 B 565 B
EV / Sales 2021 6,08x
EV / Sales 2022 4,94x
Nbr of Employees 94 182
Free-Float 62,4%
Chart TENCENT HOLDINGS LIMITED
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Tencent Holdings Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends TENCENT HOLDINGS LIMITED
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 383,69 CNY
Average target price 543,19 CNY
Spread / Average Target 41,6%
EPS Revisions
Managers and Directors
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
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