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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Tencent Holdings Limited    700   KYG875721634

TENCENT HOLDINGS LIMITED

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Stocks end mostly lower but investors eye U.S. stimulus plan

01/14/2021 | 04:52pm EDT
FILE PHOTO: Passersby wearing protective face masks are reflected on a stock quotation board outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo

NEW YORK (Reuters) - U.S. stocks ended lower on Thursday after the Dow and Nasdaq hit record highs earlier in the session as investors focused on U.S. President-elect Joe Biden's pandemic aid proposal, while the U.S. dollar weakened.

MSCI's all-country world index was last trading in barely positive territory but was well off its record-high levels of the session.

The New York Times, citing people familiar with the plans, reported that Biden is expected on Thursday to unveil a $1.9 trillion spending package.

Stocks began to pare gains and the dollar drifted lower after Federal Reserve Chair Jerome Powell struck a dovish tone in comments at a virtual symposium with Princeton University.

Powell said the U.S. central bank is not raising interest rates anytime soon and rejected suggestions the Fed might start reducing its bond purchases in the near term.

After recent strong U.S. stock market gains, equity investors are looking for signals that could mean further support for the market, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.

"We had a pretty good rally in the fourth quarter and a decent rally so far this year," he said. "Markets are in a wait-and-see mode."

Friday marks the start of fourth-quarter earnings for S&P 500 companies, with results from JPMorgan Chase and other banks due.

Investors are "waiting to hear commentary from companies on how things were looking in the fourth quarter and how things will look in the first quarter, especially given the not-so-great economic backdrop," Nolte said.

The Dow Jones Industrial Average fell 68.95 points, or 0.22%, to 30,991.52, the S&P 500 lost 14.3 points, or 0.38%, to 3,795.54 and the Nasdaq Composite dropped 16.31 points, or 0.12%, to 13,112.64.

European shares gained for a third straight session. The pan-European STOXX 600 index rose 0.72% and MSCI's gauge of stocks across the globe gained 0.01%.

The dollar index fell 0.071%, with the euro down 0.02% to $1.2154.

Bitcoin held gains after a slide of nearly $12,000 from last week's record high of $42,000. It rose about 5.7% to $39,536 on Thursday, after hitting a session high above $40,000.

Treasury yields edged higher in anticipation of the new stimulus package, but a jump in U.S. jobless claims put a damper on immediate expectations of economic growth.

Benchmark 10-year Treasury notes last fell 12/32 in price to yield 1.1292%, from 1.088% late on Wednesday.

Oil prices edged higher, boosted by a weak dollar and bullish signals from Chinese import data. Brent crude oil futures rose 36 cents, or 0.6%, to settle at $56.42 a barrel. U.S. crude ended 66 cents, or 1.3%, higher at $53.57.

Spot gold added 0.2% to $1,847.11 an ounce.

(Additional reporting by Gertrude Chavez-Dreyfuss, Herbert Lash and Devika Krishna Kumar in New York; Editing by Angus MacSwan, Steve Orlofsky and Dan Grebler)

By Caroline Valetkevitch


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.84% 0.64494 Delayed Quote.1.64%
BITCOIN - EURO -2.30% 51888.03 Real-time Quote.124.59%
BITCOIN - UNITED STATES DOLLAR -2.29% 62090.68 Real-time Quote.119.57%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.11% 0.666707 Delayed Quote.3.82%
DJ INDUSTRIAL 0.10% 33734.8 Delayed Quote.10.26%
DOW JONES FXCM DOLLAR INDEX -0.08% 11797.28 Delayed Quote.1.34%
EURO / US DOLLAR (EUR/USD) 0.20% 1.19768 Delayed Quote.-2.48%
JPMORGAN CHASE & CO. -1.82% 151.31 Delayed Quote.21.26%
LONDON BRENT OIL 3.75% 66.38 Delayed Quote.22.09%
NASDAQ 100 -1.33% 13807.534424 Delayed Quote.8.52%
NASDAQ COMP. -0.99% 13864.111142 Delayed Quote.8.60%
S&P 500 -0.45% 4125.58 Delayed Quote.9.90%
STOXX EUROPE 600 0.19% 436.57 Delayed Quote.9.20%
TENCENT HOLDINGS LIMITED 2.55% 623.5 End-of-day quote.10.55%
THE NEW YORK TIMES COMPANY -0.10% 48.1 Delayed Quote.-7.20%
WTI 3.97% 62.898 Delayed Quote.24.00%
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Financials
Sales 2021 592 B 90 664 M 90 664 M
Net income 2021 148 B 22 718 M 22 718 M
Net cash 2021 123 B 18 869 M 18 869 M
P/E ratio 2021 41,1x
Yield 2021 0,27%
Capitalization 5 938 B 764 B 909 B
EV / Sales 2021 9,82x
EV / Sales 2022 8,07x
Nbr of Employees 85 858
Free-Float 60,2%
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
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 54
Average target price 648,17 CNY
Last Close Price 623,50 CNY
Spread / Highest target 39,6%
Spread / Average Target 3,96%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
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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