Will Tencent Holdings Stock Go Up Next Year? proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. Ceri Parker Previously Commissioning Editor, Agenda, World Economic Forum. is $36.94. I also stressed in that article the possibility of "further selling pressure for the stock (Tencent) if more new policies with a negative impact on Tencent and the Chinese internet market are announced." Our site uses a custom algorithm based on Deep Learning that helps our users to decide if TCEHY could be a good portfolio addition. Asia Value & Moat Stocks is a research service for value investors seeking value stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merch Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Get the latest Tencent Holdings ADR (TCEHY) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. things fall apart chapter 10 quotes. View the best growth stocks for 2023 here. With the gaming business helping control its overall losses, Sea has been focusing on expanding the market share of its e-commerce platform Shopee. In five years' time, I think that Tencent Holdings is still likely to retain its status as one of the leading internet and technology companies in China, as it will be challenging for any upstarts or its smaller competitors to build up their operations to a scale that is competitive with TCEHY anytime soon. Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y Poltica de cookies. n addition, it develops software; develops and operates online games; and provides information technology, information system integration, asset management, online literature, and online music entertainment services. I am not receiving compensation for it (other than from Seeking Alpha). Nothing here in constitutes a recommendation respecting the particular security illustrated. If you have $10,000 in capital that is not needed for paying bills or setting up an emergency fund, then the following digitization-driven stocks could help you increase this investment to $50,000 by 2030. Momentum is growing behind a bill in Congress to ban Chinese social media app TikTok, the app that some term China's Trojan horse for controlling U.S. user's data and hearts and minds. But the current regulatory environment and the policy stance by the Chinese authorities imply that China could be willingly to "redistribute" the profits of the biggest companies in the country for the benefit of society at large in one way or another. Should I buy or sell Tencent stock right now? This suggests a possible upside of 301.1% from the stock's current price. And it couldnt be more wrong! Zacks Style Scores Education - Learn more about the Zacks Style Scores. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. To learn more, click here. Considering that Tencent's current valuations have priced in the known and obvious regulatory headwinds and policy issues to a large extent, I retain a Neutral rating for Tencent Holdings. History; Forecast; Charts; Data; Market; Q&A; Comments; Buy CRYPTO . I have no business relationship with any company whose stock is mentioned in this article. Tencent Holding Ltd. currently has an average brokerage recommendation (ABR) of 1.50 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) Investors have to consider potential changes in the regulatory environment and their impact on Tencent's future profitability, in assessing the company's prospects for the next five years. In the medium to long term, Tencent's competitive moat could become narrower, as the company opens up its ecosystem to more external parties and competitors as well to satisfy regulators that its market dominance does not come at the expense of fair competition and consumers' interests. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Receive TCEHY Stock News and Ratings via Email, February 22, 2023|americanbankingnews.com. Identify stocks that meet your criteria using seven unique stock screeners. Specifically, Tencent Holdings' shares decreased by close to -8% in a single day on July 26, 2021. * Tencent Holdings stock forecasts short-term for next days and weeks may differ from long term prediction for next month and year based on timeline differences. Tencent - TCEHY - Stock Price Today - Zacks Tencent (TCEHY) (Delayed Data from OTC) $47.12 USD -0.12 (-0.25%) Updated Mar 3, 2023 03:59 PM ET Add to portfolio Zacks Rank: 3-Hold 3 Style. Per a report published on Yahoo Finance, the global eSports market size is likely to expand by $3.5 billion till 2027, at a CAGR of 21.81%. Although the concept might sound utterly ridiculous to those stemming from particular generations, the rise of video game professionalism implies strongly that investors should at least consider e-spo China's video games regulator on Friday approved 87 new video games for the month of Feburary including titles under Tencent Holdings , Alibaba Group and NetEase. I note that TCEHY has a long growth runway due to its WeChat being anecdotally under-monetized and the companys direct exposure to many secular growth stories in online advertising, fintech, and video gaming. The news flow for Tencent in recent weeks is also negative. Only 0.03% of the stock of Tencent is held by institutions. Tencent (TCEHY) Price Target Stock Forecast. Members of Best Of Breed get exclusive access to our model portfolio. . Even amidst the chaos, the company has generated strong growth and profitability while maintaining a solid financial position. Tencent had a trailing twelve-month return on equity of 8.93% and a net margin of 32.16%. In tandem with the new "three-child" policy, it is not unthinkable that the Chinese gaming sector has to face new regulatory headwinds again. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. 1 year Tencent Holdings Ltd ADR Forecast: 99.000997145002 *, 5 year Tencent Holdings Ltd ADR Forecast: 409.555 *. This includes personalizing content and advertising. Dominant companies operating in sectors critical to the livelihood of ordinary Chinese people like Tencent could be compelled to accept slower earnings growth and reduced profitability in the best interests of the country, as indicated by TCEHY's comments at its most recent results briefing referenced to above. Discover historical prices for TCEHY stock on Yahoo Finance. 2023 Stock Analysis. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. I wrote this article myself, and it expresses my own opinions. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Compare Top Brokerages Here. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. On April 19, 2021, Tencent Holdings announced its refined strategy of "promoting sustainable innovations for social value, alongside nurturing the consumer Internet." To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. TCEHY : Long term TENCENT HOLDINGS LTD-UNS ADR stock forecast for 2022, 2023 (1 year) - 2025 - 2027 (5 year) - 2030, and 2032 (10 year) Forecast for 2023 Apr. If you do not, click Cancel. The technology company earned $15.02 billion during the quarter, compared to analyst estimates of $14.76 billion. It is easy to see why. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Stock Price Forecast According to 60 stock analysts, the average 12-month stock price forecast for TCEHY stock is $ 53.42 , which predicts an increase of 13.08%. My Seeking Alpha peers in general have expressed bullishness on the name. Move your mouse over a quarter or year to see how estimates have changed over time. View analysts price targets for TCEHY or view top-rated stocks among Wall Street analysts. Tencent Holdings Limited Stock Forecast and Price Prognosis Data for 2026 . . Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. As highlighted earlier, Tencent Holdings' shares dropped by almost -8% from HK$531.00 as of July 23, 2021 to HK$490.00 as of July 26, 2021. I wrote this article myself, and it expresses my own opinions. The dividend payout ratio is 6.47%. Countries. The official website for the company is www.tencent.com. The company charges 15% of the gross proceeds paid by players for its services. More importantly, there is market speculation that Tencent Holdings might eventually be hit with a substantial financial penalty relating to anti-trust issues, just like its major Chinese internet peer company, Alibaba (BABA) which was given a fine of RMB18 billion in April 2021. Delayed quotes by FIS. With the eSports market currently valued at $1.4 billion . In the first quarter, quarterly paying users for the company's mobile wallet were up 145% year over year to over 26.1 million. TCEHY is currently trading in the 20-30% percentile range relative to its historical Stock Score levels. Shares of these innovative growth stocks are richly valued, yet they have solid potential to go even higher in the coming years. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The company's quarterly active users of digital entertainment soared by 61% year over year to 648.8 million, while quarterly paying users rose even faster at 124% year over year to 79.8 million at the end of the first quarter (ending March 31, 2021). 7 Stocks to Buy for the Future of Virtual Reality. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. By not hosting games of chance, the company has managed to reduce its regulatory challenges associated with the likes of daily fantasy sports and online sportsbooks. The first point is that Tencent and Alibaba "are considering moves to gradually open up their services to one another" such as enabling "Alibaba services to access WeChat (Tencent's dominant social media platform) users via so-called Mini-Programs (Tencent's version of apps)" in response to "mounting regulatory pressure", as reported by The Wall Street Journal on July 14, 2021. This represents an update of my prior article for Tencent Holdings published on March 29, 2021. See what's happening in the market right now with MarketBeat's real-time news feed. This payout ratio is at a healthy, sustainable level, below 75%. Si quieres personalizar tus opciones, haz clic en Gestionar configuracin de privacidad. The strength of Sea's gaming portfolio is apparent, considering that its internally developed game Free Fire was the most downloaded game in the world in 2020. Over the next 52 weeks, Tencent Holdings has on average historically risen by 30.1% based on the past 13 years of stock performance. 2. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Specifically, Tencent is dominant in the Chinese games market with an estimated 40% market share, which raises antitrust concerns. The current ABR compares to an ABR of 1.50 a month ago based on four recommendations. To make the world smarter, happier, and richer. Visit www.zacksdata.com to get our data and content for your mobile app or website. Of the four recommendations deriving the current ABR, three are Strong Buy, representing 75% of all recommendations. Historically, investors who have managed to remain patient through sell-offs and market corrections have benefited dramatically in the long run from the stock market's power of compounding. TCEHY generated $16 billion in free cash flow last year and maintains a strong balance sheet with almost neutral leverage and an additional $127 billion in equity investments (totaling over 20% of the current market cap). Unlock HIDDEN Features! Besides Free Fire, the company also distributes several of Tencent's (TCEHY -0.25%) popular games. Yahoo Finance's Ines Ferre joins the Live show to discuss the downturn across Chinese tech stocks. By Posted jordan schnitzer house In strengths and weaknesses of a volleyball player Over the next 52 weeks, Tencent Holdings has on average historically risen by 28.7% based on the past 14 years of stock performance. the Chinese bear market. past three months and its shares are now at a new 52-week low, thanks to regulatory headwinds. Is It a Bad Time to Invest in China Tech Giants? For readers keen to invest in Tencent's relatively more liquid Hong Kong-listed shares, they can use US stockbrokers with access to international equity markets like Fidelity or Interactive Brokers. Shopee continues to dominate the Indonesian e-commerce sector, which is expected to grow faster than the Indian e-commerce market. As always, use your best judgment when investing. (Ad). Facing the future. The company also disclosed in the announcement that it "will integrate the existing Corporate Social Responsibility and charitable activities into a new Sustainable Social Value Organization. Practical application of the products herein are at your own risk and Financhill.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. But the good news is, if China invades Taiwan, there is a way to protect yourself. On the positive side of things, Tencent is sending a strong signal to the Chinese authorities that it is and wants to be a good corporate citizen. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. 5 brokerages have issued 12 month price targets for Tencent's stock. Theme #1: Cannabis. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. NASDAQ data is at least 15 minutes delayed. Get access to my highest conviction ideas., Julian Lin is a top ranked financial analyst. There could be short-term positives associated with the collaboration, as Tencent might see incremental revenue from the usage of its payment services WeChat Pay on Alibaba's e-commerce marketplaces as an example. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. If you wish to go to ZacksTrade, click OK. A Warner Bros. Please disable your ad-blocker and refresh. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Beijing is working to take golden shares' in units of both companies, according to reports. Most stock quote data provided by BATS. !! In addition to acquiring new customers, Cloudflare's existing customers are also purchasing more of its products as evidenced by the first-quarter dollar-based net retention rate of 123%(the same customers have spent 23% more dollars in the first quarter as compared to that spent in the same quarter of the prior year). CNN Sans & 2016 Cable News Network. Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters - sources, 7 Stocks to Buy for the Future of E-Sports, China approves 87 new video games including titles by Tencent and Alibaba, Tencent and Alibaba Pop on 'Golden Share' News, Shares of Tencent, NetEase rise as China gaming crackdown ends, China approves 88 games in January, including titles by Tencent and NetEase, China to take golden shares' in tech firms Alibaba and Tencent. I am not receiving compensation for it (other than from Seeking Alpha). Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Panel de control de privacidad de nuestros sitios y aplicaciones. Sign-up to receive the latest news and ratings for Tencent and its competitors with MarketBeat's FREE daily newsletter. Disclaimer: Past performance is no guarantee of future performance. In 2021, TCEHY's revenue was 560.12 billion, an increase of 16.19% compared to the previous year's 482.06 billion. Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check. All Rights Reserved. I am not receiving compensation for it (other than from Seeking Alpha). Tencent's stock price has fallen by -21% from HK$620.00 as of March 26, 2021 to HK$490.00 as of July 26, 2021. Read our dividend analysis for TCEHY. Things got worse last week, when Bloomberg reported on July 24, 2021 that the Chinese regulators are "banning companies that teach the school curriculum from making profits, raising capital or going public." Future price of the stock is predicted at 99.000997145002$ (110.104% ) after a year according to our prediction system. Free Stock Analysis Report: See The True Value of Any Stock. The dividend payout ratio of Tencent is 6.47%. Tencent - TCEHY Stock Forecast, Price & News $47.24 +0.69 (+1.48%) (As of 03/2/2023 12:00 AM ET) Compare Today's Range $45.84 $47.37 50-Day Range $40.26 $52.55 52-Week Range $24.75 $53.44 Volume 4.22 million shs Average Volume 3.34 million shs Market Capitalization $451.53 billion P/E Ratio 16.99 Dividend Yield 0.38% Price Target $189.00 All rights reserved. Our daily ratings and market update email newsletter. This means that if you invested $100 now, your current investment may be worth 210.104$ on 2024 March 05, Tuesday. The Motley Fool has a disclosure policy. The high estimate is $95.00, and the low is $30.00. Furthermore, Tencent's current consensus forward next twelve months' normalized P/E multiple of 26.8 times represents a significant discount to its five-year and 10-year average forward P/E multiples of 33.0 times and 31.0 times, respectively. The average price target represents a 10.02% change from the last price of $43.63. The app is now . Tencent announced a dividend on Saturday, May 14th. If such regulatory and policy headwinds were absent, shareholders will definitely prefer that TCEHY either returns the RMB50 billion in investment gains (currently earmarked for the new Sustainable Social Value Organization) to shareholders as dividends, or reinvest such proceeds in growing its exiting core businesses. This ironically has not appeared to be the case with TCEHY, which has fallen over 40% from all time highs earlier this year: Now trading around $59 per share, TCEHY is barely higher than where it traded at the beginning of 2018. Visit Performance Disclosure for information about the performance numbers displayed above. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Based on a highly scalable SDN model, large addressable market, and a partnership with Nvidiato imbibe artificial intelligence capabilitiesin its edge network, Cloudflare is a solid long-term pick for retail investors. Earnings were 224.82 billion, an increase of 40.65%. Tencent trades on the OTCMKTS under the ticker symbol "TCEHY.". Against this backdrop, the stock seems to be well-positioned to emerge as a wealth generator in the coming years. 2. My portfolio includes over 20 stocks that I think will absolutely crush the market over the next decade. High conviction investment ideas in the winners of tomorrow. At the end of the first quarter (ending March 31, 2021), the company's total customer count (free and paying customers) rose 46% year over year to 4.1 million, while its large customer count (annual spend of more than $100,000) was up 70% year over year to 945. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China. This represents an increase of 1.61% from the last closing price of $47.24. ZacksTrade and Zacks.com are separate companies. Chinese stocks which had risen on excitement over AI tumbled after the report from Nikkei Asia. I don't view Tencent stock as a good Buy, as I think the Chinese government's policies will have a major impact on the company's business operations in the medium term. Learn more. Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo.

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