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Tencent Holdings Ltd $ 74.75 0.75 (1.01%)

Volume:
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Avg Vol (1m):
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Market Cap $:
721.72 Bil
Enterprise Value $:
695.87 Bil
P/E (TTM):
47.09
P/B:
9.09
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TCTZF News and Headlines - Tencent Holdings Ltd

GuruFocus Articles Total 95
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Discussion of market conditions

Dear investor,

We would like to begin our third quarterly report by remembering the victims of Covid-19 and their families, and showing our gratitude to everyone who continues to fight against the virus. We would also like to send out a message of hope to those members of society most affected by the pandemic. The scientific community is closer to finding a solution so we can overcome this threat, protecting not only our lives but also returning life to normal. At a time like this, it seems fitting to recall the French writer Luc de Clapiers who said that patience

40 Views    Sydnee Gatewood    2020-11-18 22:47
These companies have highly predictable business

Based on a 10-year study that GuruFocus conducted for the period from 1998 to 2008, we can define predictable businesses as enterprises where a consistent growth in their revenue per share and Ebitda per share is reflected in a strong long-term performance of the stocks.

Thus, stocks with a high GuruFocus business predictability rating could boost your chances of success with a "buy and hold" approach. Value investors may be interested in the following three companies, as they have high business predictability ratings.

Fiserv Inc

The first company that makes the cut is Fiserv Inc (FISV), a Brookfield, Wisconsin-based

153 Views    Alberto Abaterusso    2020-10-16 13:51
Q&A notes from Chang Jing's first lecture of the semester

In my previous article, I shared my notes for the lecture part of Chang Jing's first lecture, given as part of the Value Investing Course at Peking University. Below are my notes from the question and answers section that followed the lecture.

Q1: Hillhouse's Zhang Lei has said that moat should be dynamic and the only moat is the dynamic creation of long term value. What do you make of this?

There's some truth in this statement in that moats should be dynamic. But whether the moat should be crazy value creation and whether a business can create

849 Views    Grahamites    2020-10-11 15:58
How the strategies of these gurus differ from each other

During the past month, I've written extensively about two of the best value investors in the world – Himalaya's Li Lu and Hillhouse's Zhang Lei. From their case studies, it is clear that they are very different investors, although both place deep fundamental research at the core of their investment process.

Li Lu is very much like Warren Buffett (Trades, Portfolio). He started with the classic Benjamin Graham style investing, looking for cheap securities, and he believed that it was the only choice because when you first start investing, you don't have enough experience and you don't

672 Views    Grahamites    2020-10-07 15:19
The stock is up more than 6.7%

Shares of Chinese social media giant Weibo Corp. (WB) popped more than 6.7% on Monday after the company's second-quarter results beat expectations.

Weibo's parent company, Sina Corp, (SINA), which will be exiting the U.S. stock market in the first quarter of 2021, also saw its stock rise by more than 6%. Sina is going private after accepting a $2.6 billion offer from CEO Charles Chao.

Despite the sharp rise, the stock remains more than 30% down this year. This suggests that there could be an opportunity to extend Monday's gains in

106 Views    Nicholas Kitonyi    2020-09-28 19:34
Hillhouse's research methodology

"Time is a friend of great businesses and great entrepreneurs."

- Zhang Lei

On Zhang Lei's bookshelf, there was another book that stood out to me – "Security Analysis" (1934 edition) by Benjamin Graham and David Dodd.

This is likely surprising to many people because few, if any, associate Zhang with Ben Graham. In fact, Hillhouse's investments often befuddle value investors because Hillhouse is more than willing to bet big on companies with no current net earnings (such as JD.com (JD)) and sometimes even without current revenue (as is the case with BeiGene (BGNE)). Therefore,

302 Views    Grahamites    2020-09-28 16:04
Zhang Lei on long-termism

A natural optimistic entrepreneur, Zhang Lei founded Hillhouse Capital on June 1, 2005. More than fifteen years later, Hillhouse has become one of the largest and most successful investment firms in Asia. When describing Hillhouse, Zhang has famously said that "we are entrepreneurs who happen to be investors." Like Buffett and Li Lu, Zhang Lei is a value investor who's known for his deep research and super long term orientation. Unlike Buffett and Li Lu, Zhang Lei's success has largely come from big bets on industries that are going through rapid changes such as internet and biotech.

Personally, I have

616 Views    Grahamites    2020-09-18 14:35
Harbor Capital leader establishes new position in WeChat parent

Spiros Segalas (Trades, Portfolio), manager of the Harbor Capital Appreciation Fund, disclosed this week that his fund's top five buys for the second quarter were Tencent Holdings Ltd. (HKSE:00700), American Tower Corp. (AMT), Eli Lilly and Co. (LLY), Netflix Inc. (NFLX) and Goldman Sachs Group Inc. (GS).

The Chicago-based fund seeks steady investment growth primarily through investments in the common stock of U.S. companies with a market cap of at least $1 billion. Through rigorous research and visits with top management, Harbor Capital invests in companies with strong balance sheets, sales momentum, high profitability, unique market positions

388 Views    James Li    2020-07-01 19:47
Remote work spurs on the desire for automation

In the midst of the ongoing pandemic, several companies are working to further develop their artificial intelligence technologies, known as AI, to aid in a variety of different fields. These companies include Nvidia Corp. (NVDA), Salesforce.com Inc. (CRM), Amazon.com Inc. (AMZN), Twilio Inc. (TWLO) and Tencent Holdings Ltd. (TCEHY).

Through the pandemic, companies have rapidly moved their employees to remote work to avoid contact and reduce the spread of the virus. This move has spurred on the development of AI technologies as an aid to human workers. The pursuit of AI technology covers a wide range of applications, from deep

645 Views    Graham Griffin    2020-06-23 21:49
The fund will help mitigate the regulatory risk of investing in US-listed Chinese companies

Investing in Chinese companies has never been easy for U.S. investors. Over the last couple of years, this exercise has become even more complicated as a result of trade tensions between the U.S. and China.

Things were taking a positive turn last December when the two nations signed a preliminary trade deal to reach some middle ground. In the last few weeks, however, the tensions have once again resurfaced due to geopolitical uncertainties. To add salt to the wound, Luckin Coffee (LK), the Chinese coffee giant that was expected to make it big in the coming years, revealed in April

404 Views    Dilantha De Silva    2020-06-14 15:37
We remain concerned with the growth strategy and competitive landscape despite our respect for the longtime success of the business and its founder

With a mission to “build connections,” Tencent Holdings Ltd. (HKSE:00700) is the world’s largest gaming company, China’s largest social media platform (mainly consisting of QQ and WeChat), one of the world’s largest internet companies and one of its largest investment companies. The company is truly a technology conglomerate, owning hundreds of products that span across various categories, including social networks (23% of third-quarter 2019 revenue), online games (29%), online advertising (19%), fintech and business services (28%) and others (1%).

Admittedly, Tencent is one of the most successful Chinese companies listed outside of the mainland, with a solid track record of

839 Views    Steven Chen    2020-02-07 20:05
Fund formerly run by Parames releases portfolio update

Bestinfond (Trades, Portfolio), the Spanish fund formerly run by Francisco Garcia Parames (Trades, Portfolio), disclosed this week that its top five new buys during fourth-quarter 2019 were in Tencent Holdings Ltd. (HKSE:00700)(TCEHY), GrubHub Inc. (GRUB), ArcelorMittal SA (LUX:MTL), South32 Ltd. (LSE:S32) and Aperam SA (LUX:APAML).

Currently managed by Beltran de la Lastra, the fund seeks long-term capital appreciation through an investing approach that combines the Austrian theory of economic cycles with key value investing principles from Ben Graham, Peter Lynch and Berkshire Hathaway Inc. (BRK.A)(BRK.B) co-managers Warren Buffett (Trades, Portfolio) and

227 Views    James Li    2020-02-06 22:47
It is hard but rewarding for a brand to verb up

“Consider the fact that the word Google is now an official entry in the Oxford English Dictionary - as a verb. Don't hold your breath waiting for that to happen to Bing.” – Peter Thiel

It is an extremely challenging feat for a brand to “verb up” or “verb down” (once verbified). Just think about the online search space. For more than a decade, we have always "Googled" something we didn't know, but we never "Binged", even though the flagship search engine by Microsoft (MSFT) was named in such a way that it could easily get verbified (e.g.,

152 Views    Steven Chen    2020-02-02 20:00
Guru's largest sales of the 4th quarter

Harbor Capital Appreciation Fund leader Spiros Segalas (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.

Tencent Holdings

Segalas exited his position in Chinese conglomerate Tencent Holdings Ltd. (HKSE:00700). The portfolio was impacted by -2.08%.

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SAP SE

The investor sold out of SAP SE (SAP). The portfolio was impacted by -0.89%.43cc1f4dfdfb86e772e270f7d8e27517.png

The company, which provides solutions for enterprise resource planning, database management and business intelligence, has a market cap of $167.69 billion and an enterprise value of $179.55 billion.

GuruFocus gives the company a

110 Views    Tiziano Frateschi    2020-01-09 19:24
A well-moated Internet conglomerate

Tokyo-based Kakaku.com Inc. (TSE:2371) is a major Internet conglomerate in Japan. It owns and operates a range of platforms and services, which are categorized into three business segments – Internet Media, New Media/Solutions and Finance. The first two segments contribute to the majority (almost 97% as of fiscal 2019) of the sales, mostly through two company-owned market-leading platforms: Kakaku.com, a shopping support site with a price comparison service, and Tabelog, a restaurant discovery and reservation site. In terms of the revenue model, the company mainly charges performance-based commissions and advertising/promotion fees on the client side and membership fees on

429 Views    Steven Chen    2019-12-23 16:39
FPA Crescent Fund's top buy is in Dell Technologies

Steven Romick (Trades, Portfolio), manager of the FPA Crescent Fund, disclosed this week his three new positions for the third quarter were in Dell Technologies Inc. (DELL), Prosus NV (XAMS:PRX) and Spectrum Brands Holdings Inc. (SPB).

Managing a portfolio of 52 stocks, Romick seeks value in all parts of a company’s capital structure, which include common stocks, preferred stocks, corporate bonds and convertible bonds. Romick mentioned in his second-quarter shareholder letter that regardless of the market trends, the FPA Crescent Fund will “continue to adhere to its long-term mandate and manage prudently.” While the fund might miss

279 Views    James Li    2019-10-15 20:04
Tencent tops the list of companies that have posted strong performances over the past several years

The following companies have posted positive performances so far this year, as well as over the past several years.

Regarding profitability, GuruFocus assigned a high rating to these companies, suggesting their business will continue to generate higher returns than what it costs to finance their activities, driving share prices higher.

Further, sell-side analysts on Wall Street have issued positive recommendation ratings ranging between hold and buy, which supports expectations these securities will continue performing well.

Shares of Tencent Holdings Ltd. (TCEHY) have gained 7% so far this year, 1.7% over the last 52 weeks and 186.3% over the past five

105 Views    Alberto Abaterusso    2019-09-26 18:09
Sports apparel giant outperforms top-line and bottom-line estimates

Shares of Nike Inc. (NKE), a major spares apparel giant, reached a new all-time high in aftermarket trading on Tuesday on the heels of strong revenue and earnings performance during the company’s first quarter of fiscal 2020.

For the quarter ending August 2019, the Beaverton, Oregon-based company reported net income of $1.367 billion, up 25% from net income of $1.092 billion from the prior-year quarter. Revenues of $10.66 billion, up 7% from the prior-year quarter, outperformed the Refinitiv estimate of $10.44 billion.

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Company accelerates digital, sports and apparel revenue during the quarter

Nike CEO

265 Views    James Li    2019-09-24 22:04
Fund introduces one new holding for the quarter as US–China trade war continues driving markets

The Matthews China Fund (Trades, Portfolio) disclosed this week its top five buys for the second quarter included one new holding: Lepu Medical Technology Co. Ltd. (SZSE:300003).

The fund, overseen by lead manager Andrew Mattock and co-manager Winnie Chwang, seeks long-term capital appreciation through investments primarily in China and Hong Kong. According to the quarterly letter, the China Fund returned -1.46% for the quarter and 22.27% for the first half of the year, outperforming the MSCI China Index's return of -3.92% for the quarter and 13.08% for the first half.

Fund updates market environment as U.S. –

188 Views    James Li    2019-08-01 21:23
The retirement giant has incredibly high fees when compared to Vanguard and other low-fee providers

I was quite surprised to see how high the fees are at TIAA. As you may know, the large money manager is very prevalent at universities throughout the U.S. Having such a strong reputation, I assumed the fees would be closer to Vanguard. They are not even close.

TIAA-CREF started off in 1910 as the Teachers and Insurance and Annuity Association of America. The College Retirement Equities Fund was founded in 1952. The company dropped CREF from its name in 2016. TIAA serves 5 million participants, has $1 trillion in assets and is the provider at 15,000 institutions.

169 Views    Holmes Osborne, CFA    2019-04-08 19:40

Headlines Total 12
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2020-11-13 $ 76.52 (4.82%)
11:50am
2020-11-12 $ 73 (%)
1:52pm
11:51am
2020-08-30
9:57am
2020-08-25 $ 71.27 (1.89%)
5:24am
2020-08-13 $ 65.1 (-4.11%)
12:20am
2020-08-12 $ 67.89 (3.19%)
3:24pm
2020-07-02 $ 66.55 (2.38%)
12:55am
2020-06-18 $ 59.5 (2.15%)
8:58am
2020-06-02 $ 56.35 (2.08%)
10:33am
2020-05-13 $ 57.69 (3.76%)
3:04pm
8:39pm
Total 12
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