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TENCENT HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  05/27 04:08:54 am EDT
341.80 HKD   +2.27%
05/26U.S. bill would bar Google, Apple from hosting apps that accept China's digital yuan
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Hong Kong shares close down as tech giants weigh

12/29/2021 | 03:56am EDT

SHANGHAI, Dec 29 (Reuters) - Hong Kong shares snapped a five-session rising streak and finished lower on Wednesday dragged by tech giants, as sentiment remained weak on the battered sector.

The Hang Sen index fell 0.8% to 23,086.54, while the China Enterprises Index lost 1.2% to 8,098.76 points.

** China's central bank will by the end of the month issue a first batch of low-cost loans to financial institutions to enable carbon emission cuts, central bank governor Yi Gang told state-owned Xinhua.

** Yi also said the PBOC will keep its monetary policy flexible and appropriate, and liquidity ample.

** Hang Seng Tech index fell 1.8% to a record low since its inception in July 2020, with Alibaba Group, Tencent Holdings and Meituan down 2.6%, 1.2% and 3.3%, respectively.

** The three tech giants, also heavyweights in the Hang Seng Index, were the biggest point contributors dragging down the gauge.

** Healthcare stocks dropped 1.9%, while consumer staples declined 1.4%.

** Hotpot chain Haidilao International Holdings plunged 5.7%, the biggest percentage decliner on the Hang Seng index.

** Mainland real estate developers listed in Hong Kong fell 2.3%.

** Property developer China Aoyuan Group Ltd tumbled 9.7% after it was served with a writ of summons issued in a Hong Kong court by Citi and Nine Masts Investment Fund for a claim of $131 million debt. (Reporting by the Shanghai Newsroom; Editing by Shailesh Kuber)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA AOYUAN GROUP LIMITED 0.00% 1.18 Delayed Quote.-16.31%
HAIDILAO INTERNATIONAL HOLDING LTD. -0.59% 13.38 Delayed Quote.-23.98%
MEITUAN INC. 3.34% 163.9 Delayed Quote.-27.28%
TENCENT HOLDINGS LIMITED 2.27% 341.8 Delayed Quote.-25.18%
All news about TENCENT HOLDINGS LIMITED
05/26U.S. bill would bar Google, Apple from hosting apps that accept China's digital yuan
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05/26Global firms warn of sluggish China demand due to lengthy COVID curbs
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2022 587 B 87 654 M 87 654 M
Net income 2022 117 B 17 448 M 17 448 M
Net cash 2022 92 879 M 13 864 M 13 864 M
P/E ratio 2022 24,6x
Yield 2022 0,40%
Capitalization 2 785 B 416 B 416 B
EV / Sales 2022 4,58x
EV / Sales 2023 3,83x
Nbr of Employees 116 213
Free-Float 62,5%
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Technical analysis trends TENCENT HOLDINGS LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 51
Last Close Price 291,72 CNY
Average target price 402,39 CNY
Spread / Average Target 37,9%
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
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