Tencent Holdings Limited TCEHY Stock Price, News, Quote & History

The Motley Fool’s investing philosophy recommends the relationship between the bond market and gold prices building a diversified portfolio of 25 or more stocks you plan to hold for at least five years. Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy. Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy. While Tencent Music Entertainment Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

On a down note, Tencent said that its considerable investments into artificial intelligence (AI) have yet to pay off sufficiently. It is not yet producing meaningful revenue, and investors might have to wait several quarters for it to significantly boost earnings, too. The social media and gaming specialist essentially met the consensus analyst estimate for revenue. It beat on the bottom line, as those prognosticators following the stock were collectively modeling 52.9 billion yuan ($7.3 billion) for that line item.

To see all exchange delays and terms of use please see Barchart’s disclaimer. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Baidu, and Tencent Holdings. Its net income surged 175% to 59.3 billion yuan ($9.1 billion), beating expectations by 26.4 billion yuan. However, over half of those profits came from one-time gains during the quarter.

Recent News: TCEHY

In March 2024, the company proposed to increase its annual dividend based on its 2023 results by 42% to HKD3.40 per share ($0.43 per share). Anyone interested in investing in the Chinese e-commerce stock will need to take a few steps before becoming a shareholder. This four-step guide will show you how to invest in stocks and add Tencent to your portfolio. Julia Pan of UOB Kay Hian says a landmark cooperation between WeChat Pay and other e-commerce sites will help boost Tencent’s transaction volumes, boding well for the tech giant’s fintech business dow… Tencent’s plans to merge Huya with DouYu (DOYU 5.25%) to create China’s top game-streaming platform — which would strengthen its social networking business — also faces antitrust scrutiny.

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1. Moreover, buying the stock at its current valuation poses no significant risk of permanent capital loss.
2. Nonetheless, tougher government-mandated rules for mining user data could still limit Tencent’s ability to display targeted ads in the future.
3. You can passively invest in an ETF that holds stocks based around a common theme or broad market index, such as Chinese stocks.
4. WeChat, Tencent’s top messaging platform and Mini Program ecosystem, still grew its monthly active users 5% year over year to 1.23 billion.

Companies delivering rising profitability tend to grow shareholder value over the long term. For example, if you have $1,000 to invest, you can start by building a portfolio of around 10 stocks, investing roughly $100 in each stock. You can grow from there as you add money to your account and become more comfortable investing in the stock market. Tencent Cloud is probably safe from the antitrust regulators since it ranks third in China’s cloud infrastructure market after Alibaba and Huawei. But in the fintech market, WeChat Pay shares a near-duopoly in the online payments market with Ant Group’s AliPay, and it is widely expected to face the same antitrust headwinds that derailed Ant’s IPO last November.

Should you invest $1,000 in Tencent Music Entertainment Group right now?

Select to analyze similar companies using key performance metrics; select up to 4 stocks. Please bear with us as we address this and restore your personalized lists. Eric Volkman has no position in any of the stocks mentioned. TCEHY earnings call for the period ending December 31, 2023.

The internet and technology company reported $80.6 billion in total revenues in 2023, up 10% from 2022. Its profit attributable to equity holders after stripping out one-time or non-cash items was $22.3 billion, a 36% increase from 2022. Even after including why you can’t invest in bitcoin those items, Tencent posted $16.3 billion of profit attributable to equity holders in 2023 (although that was down 39% from 2022’s level). Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Progeny 3 Inc. purchased a new position in shares of Tencent Music Entertainment Group during the second quarter valued at $11,436,000.

Fortunately, it is the only game in town, and it could keep that position for a while. Tencent’s 2022 results might have disappointed its longtime shareholders, but make no mistake. One was that the company had become gigantic, generating 555 billion yuan  ($79.6 billion) in revenue in 2022.