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Tencent Holding Ltd.TT

Tencent Holding Ltd.

67.50USDD
+1.71+2.60%
Last update at 19:13 GMT
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Tencent Holdings Ltd. (700-HK, BUY)1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400 HKEX:700 We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game revenue grew 8% CC y/y (vs. +24% in 4Q, excluding onetime accounting adjustments), accounting for 24% (flat y/y) of total game revenue. Advertising revenue took the biggest hit from COVID lockdowns and declined 18% y/y (vs. -13% in 4Q). FinTech+Cloud growth also decelerated to +10% y/y (vs. +25% in 4Q). On the last earnings call, mgmt. indicated a recovery could happen in 2H. But given the prolonged lockdowns in some cities including Shanghai and the weakness in recent macro data, we think the recovery will be further relayed to 4Q. In 1Q, the company repurchased 8,864,400 shares for approximately HKD3,697 million. Overall, while the operating environment will likely remain challenging in the near term, we believe that, with strong operating cash flow, Tencent is better positioned to take the opportunity to build around its long-term strategic areas such as int'l games, Video Accounts, and SaaS offerings. Moreover, while it will take time to see the benefits, the Chinese government is easing regulations for the digital economy, which should give investors more confidence in the sector
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by TigerBrokers
Interesting Tencent fractal repetitions This fractal is something I noticed back in Sept and at the time I just found the coincidence funny and didn't take it too seriously, I wish I had though, because it would have been a great short! Basically I took the rally starting from the bottom in Mar 2020 and then flipped it upside down and moved it over so now the peak in Feb 2021 is the current bottom. It was for these reasons I was getting bullish on China when Tencent hit 45 and I was shocked when it tanked to 38, thinking the whole pattern was now broken. I admit that the news they were pumping out a the time even got to me and I didn't take advantage of the wall street manipulation. Now going forward, it would again be funny if it follows the rally projection here. I think it is unlikely that it'll follow it exactly, but who knows at this point? If it does, watch out for that peak in the summer of 2023. This is just more proof to me though that fractals can be a very useful tool in predicting the movement of a stock and you have to experience it unfold before you to believe in this kind of analysis.
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by Lynxys
Tencent .. my ten cents worth on it sharedQuick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is called planning the trade... and in doing so, we might expect a dip in the week of April 25 at about 320-350. IF it does play out to that, we can expect a bottoming pattern to form, and then start looking to go shopping. Not before. Here we are planning the shopping trip. For now, it remains as a plan. Wait for it... For you, my friend... just so we go live on what we spoke about.
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by Auguraltrader
COME ON.CHINA Fund anchor began the journey of the rematch, from the beginning of profit to later all the way loss, no matter how to analyze, tears have not cried out however... Financial analysts began to show their cards, self-mockery of the stock market is really difficult ~, anyway, he is not responsible, only for the shareholders of healing, in most of the time to call everyone to stand up, when the situation is bad, he started a cross talk, a lot of funny comments, he became the funny. Understanding of Chinese concept shares Sunset infinite good, just near dusk? The dawn is here. Hold on, okay? ... , The Shanghai Stock exchange has not fallen below 3000, in the concept stocks have fallen into the abyss, to China brought the Internet era they seem to be abandoned outside the door, so do the domestic stocks is good? Far from falling to where it was five years ago, we see the nasdaq, as represented by technology stocks, looking solid. In fact, the general stock formula can refer to the trend of bitcoin, the more miserable the fall, the later may rise more rapidly, from a long-term perspective, I am still more optimistic, Tencent is fully qualified and Apple comparable, just like bitcoin has the potential to be equal to gold. Secondly, the capital behind Chinese concept stocks is more from foreign countries. If they only speculate on American stocks, then the object of harvest can only be Americans. Will Americans still believe in the eternal bull market? No, so the capitalist's attention must be global, or the game will be hard to play. In short, those who believe in it will not sell, and those who do not believe in it go in and out, wasting time.
OLong
by Haoge
CHINA BIG DIP analysis + TENCENT (e-commerce, fintech, gaming)Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent directly or via Prosus shares. ++ others are buying CHina stocks // Charlie Munger = BABA, Ray Dalio increasing positions, Nitin Saigal fully invested in China ...). So Why would you need another analysis if they are alredy buying? This thread will be purely my opinion about oportunity for Buying into Tencent and many China located gigants + why I think, we are near the temporary bottom of correction = of Wave A !! If you look at biggest China companies, almost all of them reached All-Time-High from November 2020 till February 2020 = Potential TOP of China growth-tech bubble. (this time it could be e-commerce, finTech, Gaming companies + Crypto of course...) Lets take a look at few of them, this thread will continue in comments so stay tuned. TENCENT as one of biggest Chinese companies (acting more like ETF based on around 700 holdings). AliBABA KWEB - China internet ETF MEITUAN (Btw biggest Tencent position) SEA Limited: NIO: Whats interesting even some Non-China Fintech companies reached their ATH around this time like StoneCo (Brazil).: SOuth America - Mercado Libre - MELI: While in the US, Covid related restrictions and fear of investors was probably slightly delayed by several Months: is still near thSPX, AMZN, and other FAANG ggants are still near ATHs, some of the FinTech and e-commerce companies start to fall. PAYPAL: SQuare: Conclusion + Investment Thesis: 1) Be very carefull with catching the falling knife. Wait for pure Buy signals and signals of reversal at least at 3D/1W charts. Also consider buying only with very good RRRatio + clear setup. 2) China could be very good oportunity for short term BUY-LONG setups when you will be able to count all subwaves of Wave A but still be very carefull. (Around 1-3 months from now). 3) US and western - world conutries will probably continue to fall in dozens of % DOWN. (US is delayed, it could take around 3-6 months to reach bottom and point of maximum fear of retail and small VC investors.) Patience folks, patience.
OShort
by Longevity_Contrarian
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Tencent Honkong Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
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by Sunstorminvest
2022-02-23 00700Tencent Holdings’ valuation is relatively cheap now. Tencent’s logic is very simple. Conservatively, even if it is an infrastructure with a growth rate of only about 10%, it can also correspond to a price of around 430, with a margin of safety, but Tencent should be more than just a foundation. Facility, I think the market's concerns about antitrust are overdone, and I feel that Tencent's opportunity is similar to that of liquor during Prohibition. Of course, in terms of the future trend, it may not be very fast. Liquor was not fast in the past, but after many years, it is really a good position at a large level. Technically, there is currently a bullish Gat force. Let's keep going long.
HLong
by adolphs
JICPT| Tencent in the late stage of accumulationHello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention. From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage. The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it. By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644. What do you think? Give me a like if you're with me.
HLong
by JICPT
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