Tencent Good RR BetTenCent has cracked more than 40% From it highs
And is now available at decent Risk Reward
SL of 400 looks decent and can trail till new highs.
2 Important Things
Trend is now not on Bulls side
Use Fibonacci before entering
Key stats
Market capitalization
3.176THKD
Dividends yield (FY)
0.48%
Price to earnings Ratio (TTM)
15.4
Basic EPS (TTM)
22.2HKD
About TENCENT HOLDINGS LIMITED
ISIN
KYG875721634
Sector
Technology Services
Industry
Internet Software/Services
Website
tencent.com
CEO
Hua Teng Ma
Headquarters
Shenzhen
Employees
112.771K
Founded
1998
Tencent Holdings Ltd. engages in the provision of value-added services, online advertising services, and fintech and business services. It operates through the following segments: Value-Added Services, FinTech and Business Services, Online Advertising, and Others. The Value-Added Services segment is involved in online and mobile games, community value-added services, and applications across various Internet and mobile platforms. The FinTech and Business Services segment provides fintech and cloud services, which include commissions from payment, wealth management and other services. The Online Advertising segment represents display based and performance-based advertisements. The Other segment is composed of trademark licensing, software development services, software sales, and other services. The company was founded by Yi Dan Chen, Hua Teng Ma, Chen Ye Xu, Li Qing Zeng, and Zhi Dong Zhang on November 11, 1998 and is headquartered in Shenzhen, China.
Key Support Reached for TencentWith the shanghai composite on the key 2400 support with the recent one day 4% intra day up move, the worst for the Chinese equity seems to be behind us. With soft GDP numbers coming in and the trump tarrifs full effect to take place from now on we are to see where this market will go further. Yuan
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700Tencent cracks under pressure
Chinese conglomerate Tencent is bowing down to government pressure and mixing up its business strategy in a big way.
700Tencent gives in to regulatory pressure
Chinese tech and media conglomerate Tencent is seeing its growth slow in a big way so it’s decided to cooperate with a regulatory crackdown.
700Chinese stocks’ 2008-era outage
Tencent wakes up on the wrong side of the bed on Monday, facing a record fine as Chinese stocks have their worst day in 14 years. Fun.
700Beijing scrutinizes the Metaverse
Chinese tech companies sold off on Monday after regulators in Beijing began scrutinizing the Metaverse.
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Income Statement
Balance Sheet
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Earnings
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Revenue
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