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    700   KYG875721634


End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 09/21
450 HKD   -0.92%
02:29aAbroad-focused Chinese Firms Show Path to Growth in Tech Crackdown
12:49aChina stocks rise, Evergrande's assurances lift real estate
09/22Carlyle CEO says firm is committed to China
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marketmind: Peaks everywhere

08/04/2021 | 03:15am EDT
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

(Refiles to fix chart, no changes to text)

A look at the day ahead from Danilo Masoni.

Equity markets continue to rally as if there were no tomorrow, shrugging off COVID-19 and signs of slowing economic growth. Wall Street notched another record high and so did Europe on Tuesday, while in Asia, even COVID-battered India saw stock markets scale a lifetime peak.

A bounce in Chinese tech stocks was another reason to cheer as the dust settled on the "spiritual opium" attack on the video game industry. Tencent's which lost $60 billion off its market cap on Tuesday has recovered around 3%.

Bond markets however seem to be telling a radically different story. Treasury yields are struggling below 1.20%, even after some reassuring factory orders data.

Upcoming data could test this diverging trend. In focus now is the U.S. ADP employment survey, which will set the stage for Friday's payrolls -- the last set of labour figures the Fed will see before Jackson Hole, where some expect a tapering signal.

The earnings season meantime continues to deliver. And how! Q2 profits at Europe Inc are now seen growing at 140% year-on-year -- the highest rate ever -- while corporate America is set for a 90% surge.

In Asia, Toyota posted a record quarterly operating profit, though a cautious outlook weighed on shares.

Stocks futures flag mild gains in Europe, undeterred by the Q2 loss at Germany's Commerzbank, while Wall Street are flatlining.

M&A newsflow continues apace. Thales is in talks to sell its railway signalling unit to Hitachi in a deal valuing the business at $2 billion. On the other hand, the UK is reportedly considering blocking Nvidia's $40 billion acquisition of chip designer Arm.

M&A deals worth $3.3 trillion were recorded during the first seven months of 2021 -- the highest year-to-date total since Refinitiv records began in 1980.

GRAPHIC: Morning bid - https://fingfx.thomsonreuters.com/gfx/mkt/zjpqkqmgkpx/morning%20bid.JPG

Key developments that should provide more direction to markets Wednesday:

- Growth in China's July services activity speeds up, but risks loom - Caixin PMI

- Japan's service sector activity shrinks at faster pace in July - PMI

- Euro zone retail sales

- Emerging markets: Thailand, India, Georgia central banks meet

- Fed speakers:  Fed Vice Chair Richard Clarida

- U.S. ADP payrolls

- U.S. earnings: Marathon, Kraft Heinz, New York Times, Tupperware, Jones Lang LaSalle, Fox, Western Union, Metlife, MGM, Manulife

- European earnings: Commerzbank, Siemens, Intesa, Tenaris

(This story has been refiled to fix chart, no changes to text)

(Reporting by Danilo Masoni; editing by Sujata Rao)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.71% 0.72816 Delayed Quote.-6.06%
BRITISH POUND / US DOLLAR (GBP/USD) 0.37% 1.36717 Delayed Quote.-0.12%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.89% 0.78925 Delayed Quote.-0.64%
EURO / US DOLLAR (EUR/USD) 0.33% 1.17248 Delayed Quote.-4.03%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.29% 0.013576 Delayed Quote.-0.91%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.82% 0.70511 Delayed Quote.-2.56%
S&P 500 0.95% 4395.64 Delayed Quote.16.02%
SIEMENS AG 0.80% 150.7 Delayed Quote.27.30%
TENARIS S.A. -0.75% 8.45 Delayed Quote.28.29%
TENCENT HOLDINGS LIMITED -0.92% 450 End-of-day quote.-20.21%
THALES 0.51% 82.72 Real-time Quote.9.83%
THE KRAFT HEINZ COMPANY 0.53% 36.13 Delayed Quote.4.24%
THE NEW YORK TIMES COMPANY 0.74% 50.18 Delayed Quote.-3.79%
THE WESTERN UNION COMPANY 0.81% 20 Delayed Quote.-8.84%
TOYOTA INDUSTRIES CORPORATION -0.73% 9480 End-of-day quote.15.75%
02:29aAbroad-focused Chinese Firms Show Path to Growth in Tech Crackdown
12:49aChina stocks rise, Evergrande's assurances lift real estate
09/22Carlyle CEO says firm is committed to China
09/22Softbank to Take More Cautious Approach to China Investments
09/21China's Mobile Gaming Market Logs 8.2% Revenue Growth in August
09/21China's Cloud Infrastructure Spending Maintains Growth in Q2 Despite Tech Crackdown
09/21Universal Music solo project proves a hit with investors
09/21Universal Music Surges on First Day of Trading, Showing Appetite to Invest in Music Ind..
09/21US SEC Issues New Warning on Investing in Chinese Stocks
09/20Universal Music valued around $39 billion ahead of stock market debut
More news
Analyst Recommendations on TENCENT HOLDINGS LIMITED
More recommendations
Sales 2021 579 B 89 511 M 89 511 M
Net income 2021 150 B 23 279 M 23 279 M
Net cash 2021 136 B 21 056 M 21 056 M
P/E ratio 2021 24,2x
Yield 2021 0,43%
Capitalization 3 559 B 551 B 551 B
EV / Sales 2021 5,92x
EV / Sales 2022 4,81x
Nbr of Employees 94 182
Free-Float 62,4%
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 52
Last Close Price 373,67 CNY
Average target price 540,86 CNY
Spread / Average Target 44,7%
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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