Why is Tencent stock down 20% from its highs?
Apr 07, 2021 · So what. Prosus ( PROSY -3.77% ) said it will sell up to 191.89 million Tencent shares, or roughly 2% of the Chinese tech titan's total share count. The sale will take Prosus's massive stake in ...
How is the rating of Tencent Holdings Ltd (ten) calculated?
Jul 26, 2021 · Shares of Tencent Music Entertainment ( TME 2.72% ), the self-proclaimed "leading online music entertainment platform in China," are down 3.5% in 1:55 p.m. EDT trading Monday. The drop happened ...
What happened to Tencent Music Entertainment Group?
Oct 14, 2021 · Investors who buy Tencent own shares in the offshore company, not the Chinese business itself. The reason behind this corporate structure is that Chinese laws restrict foreign ownership of Chinese...
Is Tencent a good value at today's price?
Sep 20, 2021 · Tencent (OTCPK:TCEHY), one of the highest quality stocks available in the Chinese market, has seen its stock crushed in spite of not being in the direct crosshairs of …
Why are Tencent shares down?
Hong Kong (CNN Business) Tencent's stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country's tech sector.Mar 24, 2022
Will Tencent stock recover?
Although Tencent Holdings Limited (OTC:TCEHY) stock dropped over 35% in the last 12 months, the company is poised for recovery in 2022 according to analysts.Feb 1, 2022
Is Tencent undervalued?
Morningstar's analyst says the market is overlooking the company's long-term revenue opportunities.Feb 23, 2022
Is Tencent a good company to invest in?
Tencent (OTCPK:TCEHY) is a fantastic tech company with a dominant market position in China. The company has a diversified revenue stream across many growing trends. The stock is currently undervalued and riding the technology trends of Social Media, Gaming, and even Cloud technology.Feb 13, 2022
They would have gotten away with it if not for those meddling regulators!
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Tencent Music Entertainment ( NYSE:TME), the self-proclaimed "leading online music entertainment platform in China," are down 3.5% in 1:55 p.m. EDT trading Monday.
So what
China has been waging a full-scale regulatory war against its own Chinese tech companies over the past several weeks. In this latest broadside, SAMR said that after investigating Tencent's activities in online music broadcasting, it has concluded that Tencent has engaged in unfair market practices against smaller rivals.
Now what
SAMR's action amounts to a government expropriation of intellectual property from the streaming giant and diminishes the value of the stock by taking away some of its assets. Viewed in that light, investors' decision to bid the stock down today makes perfect sense.
Business is booming -- but the stock price already reflects that
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Chinese music streaming service Tencent Music Entertainment Group ( NYSE:TME) got caught in a landslide this morning, tumbling as much as 21% in early trading, and still down about 19% as of 12:45 p.m. EDT.
So what
After all, Tencent Music is now China's top streaming music company, as my colleague Leo Sun pointed out last week. It reported decent numbers in its most recent financial report, meeting analyst expectations for both sales ($1.28 billion) and earnings ($0.12 per share).
Now what
I kind of agree with China Renaissance on this one. With $636 million in trailing earnings, Tencent Music now trades for a steep 68-times-earnings valuation.
What is Tencent stock?
Tencent Holdings Ltd is a American stock, trading under the symbol TCEHY-OTC on the US OTC (TCEHY). It is usually referred to as OTC:TCEHY or TCEHY-OTC.
What does a high stock score mean for Tencent?
Stockchase rating for Tencent Holdings Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is Tencent Holdings Ltd?
Tencent Holdings Ltd (TCEHY-OTC) September 27, 2019. A Chinese regulator is looking into it, saying that the music is too restrictive for competition. As always in China, it's what the communist party wants.