Tencent Resumes Slim Growth As China’s Internet Sector Stirs (2024)

FAQs

What is Tencent forecast for 2024? ›

For Tencent:

- High-single-digit revenue CAGR in 2024-2026 (2023: 9.8%); - Operating EBIT margin of around 30% in 2024-2025 (2023: 30.5%); - Capex/revenue of around 4% in 2024-2025 (2023: 3.7%); - Gradual increase in cash dividend payments (2023: CNY21 billion);

Shares of Tencent Holdings Ltd. saw their biggest one-day gain in nearly a year on news the Chinese tech giant plans an earlier release of a hotly anticipated mobile video game.

we strive to incorporate social responsibility into our products and services; promote technology innovation and cultural vitality; help industries digitally upgrade; collaborate for the sustainable development of society.

Tencent Holdings has a current Real Value of $38.07 per share.

Is Tencent Holdings Limited a Buy, Sell or Hold? Tencent Holdings Limited has a conensus rating of Strong Buy, which is based on 12 buy ratings, 1 hold ratings and 0 sell ratings.

Tencent Holdings Limited's analyst rating consensus is a Moderate Buy.

Tencent stock (OTC:TCEHY) may have found a bottom after enduring a long downtrend. With a 29% dip in the past year and a 65% decline from its 2021 high, China's social media and tech giant has underperformed the market. The ongoing downturn echoes a broader trend of pressure on Chinese equities.

Tencent is the world's largest video game vendor, as well as one of the largest companies in the world by market capitalization. It is among the largest social media, venture capital, and investment corporations.

Does Tencent have a location in the US? ›

Our US headquarters is in Palo Alto and we have other offices in New York, Los Angeles and Seattle. Our growth strategy is focused on attracting the best people and creating an amazing work atmosphere that balances the energy of a start-up with the resources of a global innovation leader.

Q: Who is Caishen, and why is he worshipped? A: Caishen is the Chinese God of Wealth, often associated with prosperity and financial success. He is worshipped to seek blessings for financial abundance, business success, and overall prosperity.

Total debt on the balance sheet as of September 2023 : $52.05 B. According to Tencent's latest financial reports the company's total debt is $52.05 B.

It has obtained patents for technologies in several areas - gaming, instant messaging, e-commerce, online payment services, information security and search engines. The company invested 100 million in establishing China's first Internet research institute, 'Tencent Research Institute'.

With a market value of 400 billion U.S. dollars, Tencent ranked fourth among its global rivals. Within China, Tencent's products have enjoyed a great popularity, such as instant messengers WeChat and QQ, social networking service Qzone, and mobile game Honor of Kings.

Wei mentioned that TSMC was expected to achieve healthy growth in 2024, with revenue growth surpassing the global foundry industry's average of 20%, projected to range from approximately 21% to 26%.

Ten Year Stock Price Total Return for Tencent is calculated as follows: Last Close Price [ 308.40 ] / Adj Prior Close Price [ 93.75 ] (-) 1 (=) Total Return [ 229.0% ] Prior price dividend adjustment factor is 0.89.