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

TENCENT HOLDINGS LIMITED

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Tencent in Talks for Merger of DouYu and HUYA, Bloomberg Reports

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08/05/2020 | 02:10am EDT

--Tencent Holdings Ltd. is driving discussions to merge China's two leading game-streaming platforms, a deal that would create an online streaming giant with a combined market value of $10 billion, Bloomberg reports, citing unnamed sources.

--Tencent holds a stake of more than 35% in each of the two companies that could be merged, DouYu International Holdings and HUYA Inc., and has been discussing the potential deal with the two firms for a few months, according to Bloomberg.

--Tencent is seeking to become the largest shareholder in the combined entity, although details have yet to be finalized, Bloomberg reports.

 

Full story: https://bloom.bg/30qX71J

 

Write to Singapore editors at singaporeeditors@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
DOUYU INTERNATIONAL HOLDINGS LIMITED 2.52% 15.07 Delayed Quote.77.92%
HUYA INC. 2.26% 21.68 Delayed Quote.20.78%
TENCENT HOLDINGS LIMITED -0.35% 561.5 End-of-day quote.49.49%
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Financials
Sales 2020 479 B 71 605 M 71 605 M
Net income 2020 120 B 18 025 M 18 025 M
Net cash 2020 85 854 M 12 844 M 12 844 M
P/E ratio 2020 38,7x
Yield 2020 0,27%
Capitalization 4 607 B 689 B 689 B
EV / Sales 2020 9,45x
EV / Sales 2021 7,58x
Nbr of Employees 70 756
Free-Float 60,4%
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Technical analysis trends TENCENT HOLDINGS LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Average target price 534,02 CNY
Last Close Price 484,29 CNY
Spread / Highest target 44,2%
Spread / Average Target 10,3%
Spread / Lowest Target -27,1%
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
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