This product is for educational purposes only. This represents an update of my prior article for Tencent Holdings published on March 29, 2021. In the last two years, Twilio's Price has decreased from $76.06 to $0.00 - a 100.00% drop. I maintain my Neutral rating for Tencent Holdings Limited (OTCPK:TCEHY) [700:HK]. This represents a dividend yield of 3.2%. 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 The company is not yet profitable, but financials are trending in the right direction. What is Tencent's stock price forecast for 2023? Is this happening to you frequently? 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. Online advertising was strong as usual, but the strongest performing segment was in fintech - is it too late to note that TCEHY owns one of the PayPals of China?. Amidst all the chaos, TCEHY reported strong earnings results which included 20% top line growth. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. is $48.51 , for 2024 Mar. Shopee continues to dominate the Indonesian e-commerce sector, which is expected to grow faster than the Indian e-commerce market. 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. A month ago, Strong Buy represented 75%. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. None of the information presented should be construed as an offer to sell or buy any particular security. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. is $59.05 , for 2027 Mar. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merchandise sales, and other activities. Tencent Holdings Limited Stock Forecast and Price Prognosis Data for 2022 History Forecast Charts Data Market Q&A Comments Buy CRYPTO Get 12% interest on Crypto Select other stock. Get them exclusively at Asia Value & Moat Stocks. The scores are based on the trading styles of Value, Growth, and Momentum. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. High conviction investment ideas in the winners of tomorrow. NASDAQ data is at least 15 minutes delayed. Amikor a webhelyeinket s alkalmazsainkat hasznlja, a webhelyek s alkalmazsok szolgltatsa, a felhasznlk hitelestse, biztonsgi funkcik mkdtetse, a levlszemt s a visszalsek megelzse, valamint, a webhelyek s alkalmazsok hasznlatnak mrse, szemlyre szabott hirdetsek s tartalom megjelentse rdekldsi profilok alapjn, a szemlyre szabott hirdetsek s tartalom hatkonysgnak mrse, valamint, a termkeink s szolgltatsaink tovbbfejlesztse. Countries Exchanges. On April 19, 2021, Tencent Holdings announced its refined strategy of "promoting sustainable innovations for social value, alongside nurturing the consumer Internet." A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCEHY, but not buy additional shares or sell existing shares. * 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. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. I am not receiving compensation for it (other than from Seeking Alpha). This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Financial numbers in CNY Financial Statements Analyst Forecast According to 60 analysts, the average rating for TCEHY stock is "Buy." 2022 Cable News Network. Only one analyst offered a short-term price target of $48.00 for Tencent Holding Ltd. To see all exchange delays and terms of use please see Barchart's disclaimer. In five years' time, I see slower earnings growth and reduced profitability for Tencent, as the company tries to strike a delicate balance between the interests of its shareholders and those of the nation. The high estimate is $95.00, and the low is $30.00. Tencent trades on the OTCMKTS under the ticker symbol "TCEHY.". Date Range investment. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. What is a Good Dividend Yield? Tencent Holdings Stock Rating Sell 24 TCEHY does share some characteristics with DiDi, specifically its market dominance of specific market segments in China (i.e. The large customer cohort has emerged as the fastest-growing cohort and accounts for more than half of the company's total revenue. Tencent Holdings has risen higher in 9 of those 14 years over the subsequent 52-week period, corresponding to a historical accuracy of 64.29%, Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and. All rights reserved. Is It a Bad Time to Invest in China Tech Giants? I have no business relationship with any company whose stock is mentioned in this article. In spite of modest gross margins, TCEHY has been able to generate solid non-IFRS net margins of around 25% or higher: TCEHY is trading around 20x earnings, which is incredibly cheap for a company that is growing revenues at a 20% clip. Chinese stocks which had risen on excitement over AI tumbled after the report from Nikkei Asia. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. . Which Chinese stocks does he recommend? Will Tencent Holdings Stock Go Up Next Year? There are two other points worth noting, when evaluating the outlook of Tencent in the next five years. Please. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China. A szemlyes adatok felhasznlsnak mdjrl az adatvdelmi irnyelvekben s a cookie-szablyzatban olvashat tovbbi informcit. Discovery Company. The current consensus among 63 polled investment analysts is to Buy stock in Tencent Holdings Ltd. Past success does not guarantee future profit !! Cuando utilizas nuestros sitios y aplicaciones, usamos. 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. US Stock Forecast Tencent Holdings Limited Stock Predictons by days: 2022 Search Stock, FX pair, Crypto, or Commodity. If you wish to go to ZacksTrade, click OK. Shopify Stock Forecast and Price Target If the average 2023 price target of $45.00 recently set by Twenty one prominent experts for Shopify is met, there would be a potential upside of approximately 9.38% from the last closing price in February, 2023. Countries. The three-month average daily trading value for Tencent's OTC shares and Hong Kong-listed shares were $160 million and $1.2 billion, respectively. 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. buying assets at a discount e.g. 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. ", At the company's most recent 1Q 2021 earnings call on May 20, 2021, Tencent emphasized that it will "pursue long-term social value, rather than economic profits" via the "development of self-sustainable operations, which could create new value from related industries and for society" and "charitable donations." *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. 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. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. Cloudflare currently offers network services in over 200 citiesand 100 countries. Zacks Style Scores Education - Learn more about the Zacks Style Scores. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A RMB10 billion financial penalty will be roughly equivalent to about 6% of TCEHY's FY 2020 net profit attributable to shareholders, based on S&P Capital IQ data. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Please disable your ad-blocker and refresh. Based on its last traded price of HK$490.00 as of July 26, 2021, Tencent Holdings is valued by the market at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 28.1 times and 22.5 times, respectively. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Singapore-based Sea Limited (SE 3.32%) has been rapidly expanding its three business segments -- e-commerce (Shopee), digital entertainment (Garena), and digital financial services (SeaMoney and ShopeePay) -- in Southeast Asia, Taiwan, and Latin America. Tencent has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends. Financhill is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Assessing where Tencent will be in five years' time requires an understanding of the new regulatory environment in China and the top priorities of the country, and making an evaluation of how all of these could potentially impact TCEHY's future business operations. Sign-up to receive the latest news and ratings for Tencent and its competitors with MarketBeat's FREE daily newsletter. Facing the future. The company's multi-year gaming agreement with the National Football League will also help in attracting new users at much lower costs. The median estimate represents a +13.86% increase from the last price of 47.12. Should you buy Chinese tech stocks now that China is reopening? Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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. This payout ratio is at a healthy, sustainable level, below 75%. Skillz operates a software platform that hosts several games of skill (and not of chance) from multiple game developers. 1 year Tencent Holdings Ltd ADR Forecast: 99.000997145002 *, 5 year Tencent Holdings Ltd ADR Forecast: 409.555 *. 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. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Past performance is not a guarantee of future results, and a loss of original capital may occur. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. View the best growth stocks for 2023 here. Based on earnings estimates, TCEHY will have a dividend payout ratio of 10.84% next year. China's greatest challenge is arguably an ageing population and its ills, and the country's recent crackdown on tutoring companies is seen as a way to support its new "three-child" policy and encourage more people to have children without being worried about the stress that their kids could be faced with. TCEHY shareholders are unlikely to be swayed by the 0.35% dividend yield or token stock repurchases that the company does every year. My Seeking Alpha peers in general have expressed bullishness on the name. History; Forecast; Charts; Data; Market; Q&A; Comments; Buy CRYPTO . 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. TCEHY Stock 12 Months Forecast $48.00 (10.02% Upside) Based on 1 Wall Street analysts offering 12 month price targets for Tencent Holdings in the last 3 months. 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 Specifically, Tencent Holdings' shares decreased by close to -8% in a single day on July 26, 2021. is $36.94. The monthly returns are then compounded to arrive at the annual return. American Consumer News, LLC dba MarketBeat 2010-2023. Please log in to your account or sign up in order to add this asset to your watchlist. The Financhill.com educational training program and software services are provided to improve financial understanding. While not yet a profitable venture, gross orders on Shopee jumped 134.6% year over year to one billion and gross merchandise value of orders processed on the platform rose year over year by 112.5% to $11.9 billion in the first quarter. Further, owners, employees, agents or representatives of Financhill are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory. As of February 15th, there was short interest totaling 9,381,500 shares, an increase of 20.5% from the January 31st total of 7,784,700 shares. tcehy stock forecast 2030. 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). Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. How were Tencent's earnings last quarter? Visit www.zacksdata.com to get our data and content for your mobile app or website. 326 E 8th St #105, Sioux Falls, SD 57103 What might change the downward trend? Most stock quote data provided by BATS. Tencent Holdings Limited Stock Price Forecast, "TCEHY" Predictons for2026. During that same time period, TCEHY has more than doubled both its top and bottom lines: The net result is that TCEHY has seen its earnings multiple contract significantly, and its arguable that the stock was cheap even prior to this fall: Many of my Seeking Alpha peers have made the case that, in comparison with Alibaba (BABA) and other Chinese tech companies, TCEHY is more insulated from government regulatory backlash due to having already dealt with it many years ago. NYSE and AMEX data is at least 20 minutes delayed. I have no business relationship with any company whose stock is mentioned in this article. expressing concerns that the industry is focused on profits and placing more restrictions on the industry, Tencent is the "Facebook of China," one of the "PayPals of China," and the "Video Game King of the World.". View which stocks are hot on social media with MarketBeat's trending stocks report. Our research is based on sources that we believe to be reliable. Find the latest TENCENT HOLDINGS LIMITED UNSP A (TCEHY) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance buying assets at a discount e.g. The 25 analysts offering 12-month price forecasts for Tencent Music Entertainment Group have a median target of 9.77, with a high estimate of 10.94 and a low estimate of 4.67 . I expect these actions to limit TCEHYs future profitability, though it is unclear to what extent. Shares of these innovative growth stocks are richly valued, yet they have solid potential to go even higher in the coming years. It offers online games and social network services; FinTech and cloud services, and online advertising services. 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. 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. 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.) Get access to my highest conviction ideas., Julian Lin is a top ranked financial analyst. 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. Is this happening to you frequently? View TCEHY analyst ratings or view top-rated stocks. major impact on the company's business operations in the medium term. By Posted jordan schnitzer house In strengths and weaknesses of a volleyball player 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Tencent Holdings Limited (TCEHY) Stock Price, News, Quote & History - Yahoo Finance Tencent Holdings Limited (TCEHY) Other OTC - Other OTC Delayed Price. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. For more coverage of undervalued growth stocks, including my top picks, consider subscribing to Best of Breed. Shares of online mobile gaming platform Skillz (SKLZ 6.72%) have declined by 30.2%in the last month. I have read and understand the, Characteristics and Risks of Standardized Options. This realization might suggest that TCEHY is a buying opportunity courtesy of the falling price. Currency in USD Follow 47.12 -0.12. In this Bloomberg article, it is speculated that because tutoring companies were targeted by the authorities because "excessive tutoring torments youths, burdens parents with expensive fees and exacerbates inequalities in society." To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. With the eSports market currently valued at $1.4 billion . The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The Stocks Are Climbing. Factset: FactSet Research Systems Inc.2019. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? I have obtained the market consensus' financial forecasts from S&P Capital IQ. 1. 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. Tencent has a P/B Ratio of 3.33. It is easy to see why. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Get short term trading ideas from the MarketBeat Idea Engine. Sign up here to get started today! Start Now for $1 >>, Jessica Silver-Greenberg and Michael Corkery. The 12-month stock price forecast is $53.42, which is an increase of 13.37% from the latest price. The technology company earns $34.85 billion in net income (profit) each year or $2.78 on an earnings per share basis. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. 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. Stock Price Forecast. This suggests a possible upside of 301.1% from the stock's current price. social media data). Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 2. (BABA) (TCEHY) - Seeking Alpha, view top-rated stocks among Wall Street analysts, Tencent Building Kejizhongyi Avenue Hi-tech Park, Shenzhen F4, 518057. Against this backdrop, the stock seems to be well-positioned to emerge as a wealth generator in the coming years.