Upgrade to MarketBeat All Access to add more stocks to your watchlist. Tencent scored higher than 55% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Tencent proposed a 42% increase in its annual dividend for 2023. It also planned to double the size of its share repurchases to around 100 billion Hong Kong dollars in 2024 ($12.8 billion at the exchange rate in mid-2024). The company was able to significantly increase its cash returns while continuing to invest heavily in its business. It’s essential to thoroughly research a company before buying its shares. You should learn about its competitors, its balance sheet, how it makes money, and other factors to make sure you have a solid grasp on whether the company can grow value for its shareholders over the long term. You also need to ensure you understand the added risks of investing internationally, especially in companies headquartered in China.

Tencent Holdings Ltd TCEHY:OTCPK

That suggests that the market sentiment around the company hasn’t changed much over that time. Au contraire, the share price change has arguably mimicked the EPS growth. In mid-2024, Tencent’s dividend yield was less than 1% (given its share price and the exchange rates at the time), less than the S&P 500’s roughly 1.4% dividend yield. Given Tencent’s lower yield, annual payment schedule, and the risk of foreign exchange rate fluctuations, it’s likely not a very appealing option for most dividend-focused investors. The Chinese company makes annual dividend payments to shareholders in Hong Kong dollars.

Why Chinese Stocks Tencent Holdings, Baidu, and Futu Holdings Rocketed Higher Today

Trading with eToro by following and/or copying or replicating the convert us dollars to norwegian kroner trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of his future performance. As of mid-2024, shares of Tencent listed on the OTC Markets Exchange had delivered a 14.8% annualized total return over the past decade, outperforming the S&P 500 during that period (12.7% annualized total return).

Latest On Tencent Holdings Ltd

Tencent (TCEHY 2.25%) is a Chinese technology behemoth. Its communications and social services connect more than 1 billion people. It also publishes some of the world’s most popular video games. In addition, Tencent provides a range of services, including cloud computing, advertising, and financial technology. In many ways, Tencent is like many of the top U.S. technology companies all rolled into one.

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However, investing in a Chinese company like Tencent is riskier than investing in a U.S.-listed stock. Investors need to carefully consider the added risks before adding Tencent to their portfolio. Tencent didn’t have an upcoming stock split as of mid-2024.

• You’ll then want to figure out how to allocate that money.
• Tencent’s Hunyuan3D 2.0 transforms simple images into detailed 3D models in seconds, a breakthrough in AI technology that could reshape how industries create virtual content and revolutionize digital …
• At the time, Tencent President Martin Lau commented on the reasoning behind the split, stating, « We hope to lower the investment threshold for investors. »
• Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours.
• By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions.
• It’s essential to thoroughly research a company before buying its shares.

Tencent, Guillemot family consider creating new venture involving certain Ubisoft assets

• Tencent Holdings Limited was formerly known as Tencent (BVI) Limited and changed its name to Tencent Holding Limited in February 2004.
• Tencent is a Chinese Internet giant with businesses and investments in a wide variety of Internet services and contents.
• Tencent listed its stock on the Hong Kong Stock Exchange in 2004.
• Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
• Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.
• Please bear with us as we address this and restore your personalized lists.

In March 2024, the company proposed to increase its annual dividend based on its 2023 results by 42% to HKD3.40 per share ($0.43 per share). You’ll want to open and fund a brokerage account before buying shares of any company. download historical usd to dkk rates If you need to open one, here are some of the best-rated brokers and trading platforms.

Tencent has an aggregate monthly active user base of less than 600 million for QQ and over 1.2 billion for Weixin/Weixin. Saiyi He has given his Buy rating due to a combination of factors supporting Tencent Holdings Limited’s growth prospects. The company is expected to exhibit robust earnings in the fourth quarter of 2024, driven by a significant increase in games revenue and a resilient marketing segment. Additionally, Tencent’s strategic focus on AI as a growth driver and its recent removal from the USTR’s “Notorious Markets List” kiscgb21 swift code for phillipcapital uk ltd london further bolster investor confidence. Valuation remains attractive, trading at a favorable PE ratio when considering future earnings growth, justifying the Buy recommendation. The company’s strong profitability and cash flow allowed it to return significantly more money to shareholders.

With innovative investment tools and a collaborative trading community, eToro empowers millions of users in over 100 countries to trade and invest in a simple and transparent way. Tencent is a publicly traded company listed on the Hong Kong Stock Exchange. In addition, the Chinese e-commerce giant has a U.S. listing on the OTC Markets Exchange, where it trades under the stock ticker TCEHY. However, Chinese companies have higher risk profiles than those listed in the U.S. due to geopolitical concerns, foreign exchange rate fluctuations, and governance differences. Investors interested in Tencent need to weigh whether its upside potential is worth the risk. It developed the popular WeChat app and several other leading digital platforms.