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    700   KYG875721634

TENCENT HOLDINGS LIMITED

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Tech giants shore up Hong Kong shares; Alibaba down

11/12/2021 | 04:05am EST

Nov 12 (Reuters) - Hong Kong shares inched higher on Friday, driven by gains in tech heavyweights although e-commerce giant Alibaba retreated after its Singles Day sales grew at the slowest pace ever.

The Hang Seng index rose 0.3% to 25,327.97, while the China Enterprises Index gained 0.7% to 9,114.37.

** For the week, the Hang Seng Index climbed 1.8% and the China Enterprises Index jumped 3.3%, the most in three weeks for both.

** The Hang Seng Tech Index climbed 1.6%, with tech giants Meituan and Tencent Holdings up 2.6% and 1.6%, respectively.

** Index heavyweights Meituan and Tencent shored up the Hang Seng Index, while Alibaba Group finished down 0.5%.

** Alibaba's Singles Day sales grew 8.5%, the slowest rate ever, underscoring strong regulatory and supply chain headwinds for China's tech firms.

** Shares of JD.Com Inc surged 5.2% after the e-commerce group posted a record-breaking 'Singles Day' Grand Promotion.

** China's largest chipmaker Semiconductor Manufacturing International Corp plunged 3.8% after its vice-chairman resigned in a leadership reshuffle.

** Hotpot chain Haidilao International Holding Ltd slumped 9% and was the biggest percentage decliner in the Hang Seng Index, after it unveiled a $302 million share sale plan for credit facilities repayment. (Reporting by the Shanghai Newsroom; Editing by Subhranshu Sahu)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HAIDILAO INTERNATIONAL HOLDING LTD. -4.88% 16.76 End-of-day quote.-4.77%
MEITUAN -6.93% 209.4 End-of-day quote.-7.10%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -0.74% 18.9 End-of-day quote.1.29%
TENCENT HOLDINGS LIMITED -2.24% 463 End-of-day quote.1.36%
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Analyst Recommendations on TENCENT HOLDINGS LIMITED
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Financials
Sales 2021 567 B 89 085 M 89 085 M
Net income 2021 159 B 25 044 M 25 044 M
Net cash 2021 138 B 21 636 M 21 636 M
P/E ratio 2021 23,2x
Yield 2021 0,45%
Capitalization 3 608 B 567 B 567 B
EV / Sales 2021 6,12x
EV / Sales 2022 5,13x
Nbr of Employees 107 348
Free-Float 62,5%
Chart TENCENT HOLDINGS LIMITED
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Technical analysis trends TENCENT HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 378,46 CNY
Average target price 496,30 CNY
Spread / Average Target 31,1%
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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