Skip to Content
scroll

Tencent Holdings (700 HK)

$HKD 389
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM is bullish Tencent under $US400

OPINION

International Equities Portfolio

The MM International Equities Portfolio added 3.75% during the week with cash at 8%. Amazon.com (AMZN US) falling -9.8% was the only negative, in the winners circle we saw Tencent (700 HK) +14.4%, JD.com (JD US) +18.2% and Alibaba (BABA US) +20.9% - overall a solid set of numbers.

Read more

Tencent Holdings Ltd (700 HK)

This Chinese tech giant which owns the likes of WeChat has been hammered over 60% very much shadowing Alibaba, the company’s also the world largest video game publisher and China’s 3rd largest cloud infrastructure platform i.e. it’s operating in all the right areas but China’s been a worry. The company now has to deal with unpredictable fines and restrictions on M&A...

Read more

International Equities Portfolio

The MM International Equities fell -2.03% last week with cash sitting at 9%. Our tech exposures provided the biggest weight, with both Tencent (700 HK) & JD.com (JD US) falling sharply, while Amazon (AMZN US) +10.9% and Deer & Co (DE US) +8.36% offset most of the decline, while a weaker AUD added +1.75%. If we are correct, the recent decline in tech will reverse very soon.

Read more

International Equities Portfolio

The MM International Equities Portfolio was higher over the course of the week the up by +1.32% including a negative impact from the higher Australian Dollar of -1.09%. Commodities remained strong which underpinned our position in Freeport-McMoRan (FCX US) which increased by +12.2% while Alibaba (BABA US) and Tencent (700 HK) were off 4-6% on the downside. For February, this portfolio was...

Read more

International Equities Portfolio

The MM International Equities Portfolio fell -3.84% during the week while cash remains at 4%. The main headwind on performance primarily came from the technology space, The Trade Desk (TTD) fell -12.23% while Amazon (AMZN US) was off -11.40%, although in the same sector Tencent (700 HK) rallied +5.76% while Barrick Gold (GOLD US) put on +6.47%.

Read more

International Equities Portfolio

The MM International Equities Portfolio fell 0.57% while cash remains at 4%. The main headwind on performance came from JD.com (JD US) -5.8% and Tencent (700 HK) -4.5% while Trade Desk (TTD US) +5.5% and Barrick Gold Corp (GOLD US) +2.3% helped the cause.

Read more

International Equities Portfolio

MM’s International portfolio fell -0.12% for the week however 0.89% of the fall was currency related (i.e. higher AUD).  We enjoyed strong gains from our Asian facing holdings such as Alibaba (BABA US), JD.com Inc (JD US) and Tencent (700 HK) which announced a buyback of its depressed stock while we also unfortunately saw 5 of our positions fall...

Read more

Tencent (700 HK) $HK629.50

Yesterday, the largest shareholder of Asia’s largest technology company Tencent was looking to sell 2% of the company reducing it’s stake from 30.9% down to 28.9% raising around US$14 billion in the process.

Read more

Chart of the Week

A confluence of factors sent Asia’s largest technology company down nearly 30% in 2021 making it one of the poorest performers on a global scale.

Read more

Tencent (700 HK) $HKD724.50

Chinese based tech goliath has been one of our best performing holdings in 2021 and one we wont be selling without careful consideration but 10-15% higher and the stock will be starting to feel fully valued.

Read more
more

ACTION

700 HK
UPDATED 24/03/2022 17:25
MM is bullish Tencent under $US400
Add To Hit List
700 HK
UPDATED 01/06/2021 08:49
MM remains long & bullish Tencent - initially targeting ~$700HKD.
Add To Hit List
700 HK
UPDATED 08/04/2021 09:28
MM remains bullish Tencent
Add To Hit List
700 HK
UPDATED 06/04/2021 08:55
MM is bullish Tencent (700 HK)
Add To Hit List
700 HK
UPDATED 03/02/2021 18:02
MM is considering taking profit on Tencent above $HKD800
Add To Hit List
image description

Huge Asian domiciled global technology company

Tencent Holdings (700:HK) operates as a holding company. The Company, through its subsidiaries, provides social networking, music, web portals, e-commerce, mobile games, Internet services, payment systems, entertainment, artificial intelligence, and technology solutions. Tencent Holdings serves customers worldwide.
chart
image description
Tencent Holdings Ltd (700 HK)
chart
image description
Tencent (700 HK)
chart
image description
Tencent (700 HK)
chart
image description
Tencent (700 HK)
Tencent-700-HK-Chart-20200825
chart
image description
Tencent (700 HK) Chart
image description

Relevant suggested news and content from the site

Back to top