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
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/26
586 HKD   +2.27%
11/27Wall St. gains, Nasdaq hits record high as holiday shopping begins
RE
11/27Nasdaq hits record high as holiday shopping begins
RE
11/27Wall St headed higher on recovery hopes after Thanksgiving holiday
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Singapore third-quarter office rents see biggest fall in 11 years

10/23/2020 | 12:16am EST
FILE PHOTO: A view of the central business district in Singapore

SINGAPORE (Reuters) - Office rents in Singapore saw their steepest decline in 11 years in the third quarter, official data showed on Friday, as the COVID-19 pandemic hit leasing demand for commercial real estate in the regional business hub.

Rents for office space fell 4.5% on a quarterly basis in July-September, data from the Urban Redevelopment Authority showed. That was the biggest quarterly decline since the April-June period in 2009, when rents fell by 7.7%.

The city-state, which is facing its deepest recession ever due to the pandemic, had implemented lockdown measures earlier this year and has been encouraging office workers to work from home, although some rules are easing as coronavirus cases fall.

"The office market could continue to face significant headwinds going into the next few quarters," said Christine Li at real estate consultant Cushman & Wakefield.

However, the city-state's office leasing market will benefit from the expansion plans of companies such as TikTok owner ByteDance and gaming giant Tencent Holdings Ltd, she added.

Despite the broader economic downturn, the city-state's private home market has been holding up and prices rose 0.8% in the third quarter, unchanged from advance data, and higher than a 0.3% increase in the second quarter.

Data last week showed sales of private homes in Singapore rose to their highest in over two years in September, with analysts citing low interest rates and signs the city-state's economy is recovering from a coronavirus slump.

(Reporting by Aradhana Aravindan in Singapore; Editing by Ana Nicolaci da Costa)


© Reuters 2020
All news about TENCENT HOLDINGS LIMITED
11/27Wall St. gains, Nasdaq hits record high as holiday shopping begins
RE
11/27Nasdaq hits record high as holiday shopping begins
RE
11/27Wall St headed higher on recovery hopes after Thanksgiving holiday
RE
11/27EXCLUSIVE : Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, ..
RE
11/27BLACKSTONE, JD.COM AMONG BIDDERS FOR : sources
RE
11/25EXCLUSIVE : India import hurdles hit Apple iPhone, Xiaomi devices from China - s..
RE
11/25India bans 43 more mobile apps as it takes on China
RE
11/25At China's premier internet conference, few address the regulatory elephant i..
RE
11/24India bans 43 more mobile apps as it takes on China
RE
11/24TENCENT : Chinese startup Full Truck valued at nearly $12 billion after SoftBank..
RE
More news
Financials
Sales 2020 481 B 73 108 M 73 108 M
Net income 2020 128 B 19 430 M 19 430 M
Net cash 2020 71 088 M 10 814 M 10 814 M
P/E ratio 2020 37,5x
Yield 2020 0,27%
Capitalization 4 704 B 716 B 716 B
EV / Sales 2020 9,64x
EV / Sales 2021 7,66x
Nbr of Employees 70 756
Free-Float 60,4%
Chart TENCENT HOLDINGS LIMITED
Duration : Period :
Tencent Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 577,31 CNY
Last Close Price 494,47 CNY
Spread / Highest target 45,1%
Spread / Average Target 16,8%
Spread / Lowest Target -28,6%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LIMITED56.02%715 632
PROSUS N.V.36.78%181 504
THE TRADE DESK, INC.236.09%41 005
AUTO TRADER GROUP PLC-7.80%7 056
CARSALES.COM LTD22.94%3 699
STAMPS.COM INC.117.04%3 352