Tencent Holdings Ltd

TCEHY-OTC

OTCMKTS:TCEHY

55.52
0.77 (1.37%)
Tencent Holdings Limited is a Chinese multinational investment holding conglomerate founded in 1998, whose subsidiaries specialize in various Internet-related services and products, entertainment, ...
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Analysis and Opinions about TCEHY-OTC

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Opinion
Expert
TOP PICK
TOP PICK
April 14, 2020

This didn't come down much during the pandemic. Has good growth and diversification. Has its own payment system. Actually, this sold off last year during the trade war, but has held in this year like a rock. They are solid. Has good growth ahead. (Analysts’ price target is $56.67)

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This didn't come down much during the pandemic. Has good growth and diversification. Has its own payment system. Actually, this sold off last year during the trade war, but has held in this year like a rock. They are solid. Has good growth ahead. (Analysts’ price target is $56.67)

TOP PICK
TOP PICK
January 15, 2020

Tencent is a Chinese Internet company. Great option if you are looking for growth.

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Tencent is a Chinese Internet company. Great option if you are looking for growth.

DON'T BUY
DON'T BUY
January 13, 2020

It struggled during the American tariffs, but has recovered a bit after the tariffs were lifted. He needs to see financial reporting from a company, and Chinese companies are only 70% compliant with global standards.

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It struggled during the American tariffs, but has recovered a bit after the tariffs were lifted. He needs to see financial reporting from a company, and Chinese companies are only 70% compliant with global standards.

BUY
BUY
November 13, 2019

He owns this one -- about 1% of his portfolio. He has a price target of $53.70 US. It is undervalued. It is the largest online advertiser, gaming space and more. It is getting into fintech and cloud storage -- all with good long runways.

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He owns this one -- about 1% of his portfolio. He has a price target of $53.70 US. It is undervalued. It is the largest online advertiser, gaming space and more. It is getting into fintech and cloud storage -- all with good long runways.

HOLD
HOLD
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. If they decide to go down on it, they will.

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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. If they decide to go down on it, they will.

COMMENT
COMMENT
September 6, 2019

Baidu reported earnings recently and missed sending the stock down. He does not believe tech talk as having a real revenue story. As such, the valuation does not make too much sense to him. The trade issues with China have made all these companies cheap, so if you are a trader this could be a good way to go. He would prefer Tencent or Alibaba instead.

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Baidu reported earnings recently and missed sending the stock down. He does not believe tech talk as having a real revenue story. As such, the valuation does not make too much sense to him. The trade issues with China have made all these companies cheap, so if you are a trader this could be a good way to go. He would prefer Tencent or Alibaba instead.

TOP PICK
TOP PICK
August 29, 2019

There are Visa and MasterCard in North America, and Alipay and another Tencent app in China. They are also heavily into games and audio. It grows over 20%, is domestic, and is down substantially from its highs. (Analysts’ price target is $55.67)

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There are Visa and MasterCard in North America, and Alipay and another Tencent app in China. They are also heavily into games and audio. It grows over 20%, is domestic, and is down substantially from its highs. (Analysts’ price target is $55.67)

PAST TOP PICK
PAST TOP PICK
June 25, 2019

(A Top Pick Jun 29/18, Down 12%) He still owns it and really likes it. Longer term, China still has an absurd amount of future growth. You want to have an allocation in this space. It has been impacted by the trade war between China and the US, even though their business is really all Chinese domestic.

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(A Top Pick Jun 29/18, Down 12%) He still owns it and really likes it. Longer term, China still has an absurd amount of future growth. You want to have an allocation in this space. It has been impacted by the trade war between China and the US, even though their business is really all Chinese domestic.

PARTIAL BUY
PARTIAL BUY
June 21, 2019

He doesn't follow the Chinese stocks much. The decline in this and Alibaba stem from ongoing trade tensions, blocked from growing by the U.S. So, once the trade war ends then Tencent will revive. You can buy this long-term.

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He doesn't follow the Chinese stocks much. The decline in this and Alibaba stem from ongoing trade tensions, blocked from growing by the U.S. So, once the trade war ends then Tencent will revive. You can buy this long-term.

PAST TOP PICK
PAST TOP PICK
June 12, 2019

(A Top Pick Jun 01/18, Down 23%) He sold out of his holding. A huge player in online gaming. They received approval to bring online another new digital game that could create quite a buzz. His 12 month price target is $56.

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(A Top Pick Jun 01/18, Down 23%) He sold out of his holding. A huge player in online gaming. They received approval to bring online another new digital game that could create quite a buzz. His 12 month price target is $56.

PAST TOP PICK
PAST TOP PICK
May 22, 2019

(A Top Pick May 24/18, Down 17%) He would like to get back into this name. Long term this looks solid. However, still have the cloudiness of the US-China trade talks. He would probably start to pick away at this name now. This is one of the largest internet companies in the world by revenue and by market cap. The advertising business should be very strong. Is an important name to own.

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(A Top Pick May 24/18, Down 17%) He would like to get back into this name. Long term this looks solid. However, still have the cloudiness of the US-China trade talks. He would probably start to pick away at this name now. This is one of the largest internet companies in the world by revenue and by market cap. The advertising business should be very strong. Is an important name to own.

PAST TOP PICK
PAST TOP PICK
May 6, 2019

(A Top Pick Apr 23/18, Down 5%) He thinks there is lots of upside in it. China needs the trade deal more than the US does. Tencent is not exposed that much to the export side of things. It is still growing at 20% plus.

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(A Top Pick Apr 23/18, Down 5%) He thinks there is lots of upside in it. China needs the trade deal more than the US does. Tencent is not exposed that much to the export side of things. It is still growing at 20% plus.

BUY WEAKNESS
BUY WEAKNESS
April 4, 2019

He is out of it waiting for a pullback. It is a little overbought. He likes the company but he would wait for it to go to $44. He likes their mobile gaming sector. Their messaging system has 1.1 billion users. One of the 4th or 5th largest internet companies in the world.

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He is out of it waiting for a pullback. It is a little overbought. He likes the company but he would wait for it to go to $44. He likes their mobile gaming sector. Their messaging system has 1.1 billion users. One of the 4th or 5th largest internet companies in the world.

TOP PICK
TOP PICK
April 2, 2019

Last year was bad for EM, especially China. 95% of all revenue is in China, for China, so there wasn't that much damage from trade wars. It's still on sale. Good for EM growth exposure, double digit growth, good balance sheet. Yield is 0.27%. (Analysts’ price target is $59.00)

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Last year was bad for EM, especially China. 95% of all revenue is in China, for China, so there wasn't that much damage from trade wars. It's still on sale. Good for EM growth exposure, double digit growth, good balance sheet. Yield is 0.27%. (Analysts’ price target is $59.00)

BUY
BUY
February 28, 2019

Great long-term company. One of the strongest internet companies in the world. Trading at 35 times on a forward basis. In China they do everything with WeChat. Gaming is a big revenue source. Regulators are putting a freeze on game approvals. That is probably it hasn't move as others lately. But still a great long-term hold.

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Great long-term company. One of the strongest internet companies in the world. Trading at 35 times on a forward basis. In China they do everything with WeChat. Gaming is a big revenue source. Regulators are putting a freeze on game approvals. That is probably it hasn't move as others lately. But still a great long-term hold.

PAST TOP PICK
PAST TOP PICK
February 1, 2019

(A Top Pick Jun 29/18, Down 12%) If you owned any Chinese stock during the trade war with the US money has flowed away. It is a platform and software based company, which he believes creates unique value. He will continue to hold it.

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(A Top Pick Jun 29/18, Down 12%) If you owned any Chinese stock during the trade war with the US money has flowed away. It is a platform and software based company, which he believes creates unique value. He will continue to hold it.

PAST TOP PICK
PAST TOP PICK
January 22, 2019

(A Top Pick Jun 01/18, Down 18%) It's come back since the December sell-off. The Chinese government lifted a moratorium they started in late-August and ended in early-December; that meant halting the introduction of new video games, because Chinese children were addicted to videogames.

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(A Top Pick Jun 01/18, Down 18%) It's come back since the December sell-off. The Chinese government lifted a moratorium they started in late-August and ended in early-December; that meant halting the introduction of new video games, because Chinese children were addicted to videogames.

TOP PICK
TOP PICK
January 21, 2019

When the Chinese market got cracked when all the Asian markets got cracked, he thought they put these on fire sale. As a parallel, it is an FB-Q type of situation. They sell apps, music and a pay-app. They have games. It went from the 50s to the 30. It is a unique situation. They are growing at 10-30% and they are big while growing quickly. He would add again here. It is an investment grade company. (Analysts’ price target is $52.33)

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When the Chinese market got cracked when all the Asian markets got cracked, he thought they put these on fire sale. As a parallel, it is an FB-Q type of situation. They sell apps, music and a pay-app. They have games. It went from the 50s to the 30. It is a unique situation. They are growing at 10-30% and they are big while growing quickly. He would add again here. It is an investment grade company. (Analysts’ price target is $52.33)

COMMENT
COMMENT
December 14, 2018

Has a 1.75% position. Has had a haircut. Price target of $46.07. Not cheap. Dividend yield is 4.6%. Interesting, because they have an oligopoly in internet and gaming. Tremendous leadership in the video ecosystem, they have the developers and the distribution network. And now it has Tencent Music. He'd buy into the bigger holding company.

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Has a 1.75% position. Has had a haircut. Price target of $46.07. Not cheap. Dividend yield is 4.6%. Interesting, because they have an oligopoly in internet and gaming. Tremendous leadership in the video ecosystem, they have the developers and the distribution network. And now it has Tencent Music. He'd buy into the bigger holding company.

PAST TOP PICK
PAST TOP PICK
November 6, 2018

(A Top Pick Apr 23/18, Down 10%) It got creamed in the recent Chinese market take-down. Company fundamentals are good. A real growth company. Partially held back by Chinese regulators and caught in the US-China tariff war. He will add to his position, and will wait to see how things transpire. Owns this and Alibaba among Chinese stocks. Remember that each year, China adds the entire population of Canada to their middle class. Enormous growth.

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(A Top Pick Apr 23/18, Down 10%) It got creamed in the recent Chinese market take-down. Company fundamentals are good. A real growth company. Partially held back by Chinese regulators and caught in the US-China tariff war. He will add to his position, and will wait to see how things transpire. Owns this and Alibaba among Chinese stocks. Remember that each year, China adds the entire population of Canada to their middle class. Enormous growth.

HOLD
HOLD
September 12, 2018

Was a flyer, now caught in negative sentiment surrounding Chinese names. Long-term, a great company. Dominate social media space and gaming. Net revenue growth slowed to 30%, and seeing some weakness in profits. Concerns about US-China relations and regulatory approvals. He’s watching it very closely. Use a stop loss.

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Was a flyer, now caught in negative sentiment surrounding Chinese names. Long-term, a great company. Dominate social media space and gaming. Net revenue growth slowed to 30%, and seeing some weakness in profits. Concerns about US-China relations and regulatory approvals. He’s watching it very closely. Use a stop loss.

WATCH
WATCH
September 11, 2018

They've had some challenges. Longtime shareholders have done well. Tariff fears and high multiples have led to a nasty contraction. That said, the longterm outlook is good. Keep watching it, but the sell-off isn't over yet.

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They've had some challenges. Longtime shareholders have done well. Tariff fears and high multiples have led to a nasty contraction. That said, the longterm outlook is good. Keep watching it, but the sell-off isn't over yet.

PAST TOP PICK
PAST TOP PICK
August 22, 2018

(A top pick June 29/18, down 9%). Year to date it is down pretty hard. They had a horrible quarter, however, they still had a $3B profit. They have a good business model.

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(A top pick June 29/18, down 9%). Year to date it is down pretty hard. They had a horrible quarter, however, they still had a $3B profit. They have a good business model.

PARTIAL SELL
PARTIAL SELL
July 31, 2018

Traffic congestion in China is severe, making online delivery very attractive. As China gets wealthier, this business will increase. However, funds are starting to fly out of emerging markets and to come out of high technology stocks. There could be a meaningful correction in the price of this stock, so even though it will do well over the long term, it might be best to take some money off the table for now. He sees this as a high-quality stock and will be interested when its valuation looks cheaper.

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Traffic congestion in China is severe, making online delivery very attractive. As China gets wealthier, this business will increase. However, funds are starting to fly out of emerging markets and to come out of high technology stocks. There could be a meaningful correction in the price of this stock, so even though it will do well over the long term, it might be best to take some money off the table for now. He sees this as a high-quality stock and will be interested when its valuation looks cheaper.

HOLD
HOLD
July 18, 2018

The Chinese market has been “smoked” this year. This company is in the right sector right now and is a leader in the internet space. It is an out-performer.

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The Chinese market has been “smoked” this year. This company is in the right sector right now and is a leader in the internet space. It is an out-performer.

PAST TOP PICK
PAST TOP PICK
July 9, 2018

(Past Top Pick, June 1, 2018, Down 2%) A mega-cap company in online advertising and gaming (gambling) from China. A giant company and a core holding for him.

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(Past Top Pick, June 1, 2018, Down 2%) A mega-cap company in online advertising and gaming (gambling) from China. A giant company and a core holding for him.

PAST TOP PICK
PAST TOP PICK
July 4, 2018

(Past Top Pick, June 29, 2017, Up 38%) They dominate China's social network, where mobile videogaming is very big--and Tencent has a stake in that. They also have a Messenger-type app with over a billion users. The runway for growth is long.

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(Past Top Pick, June 29, 2017, Up 38%) They dominate China's social network, where mobile videogaming is very big--and Tencent has a stake in that. They also have a Messenger-type app with over a billion users. The runway for growth is long.

TOP PICK
TOP PICK
June 29, 2018

Everything is going right for this company – it owns much of the platform for digital sales in Asia, whereas in North America it is fragmented between Amazon, Google and Facebook. This is a service company that will not be impacted by tariff wars. Yield 0.2%. (Analysts’ price target is $520.92 HKD)

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Everything is going right for this company – it owns much of the platform for digital sales in Asia, whereas in North America it is fragmented between Amazon, Google and Facebook. This is a service company that will not be impacted by tariff wars. Yield 0.2%. (Analysts’ price target is $520.92 HKD)

TOP PICK
TOP PICK
June 1, 2018

He has a 12 month target of $65. It has a Price Earnings to Growth ratio of only 0.63 making it relatively cheap. It is largest market cap in China. It is involved in social networks, online games and cloud services. The growth of these sectors is huge in China. Yield 0.2%. (Analysts’ price target is $65)

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He has a 12 month target of $65. It has a Price Earnings to Growth ratio of only 0.63 making it relatively cheap. It is largest market cap in China. It is involved in social networks, online games and cloud services. The growth of these sectors is huge in China. Yield 0.2%. (Analysts’ price target is $65)

DON'T BUY
DON'T BUY
May 31, 2018

They have done a terrific job at growing their business. Highly innovative. His concern is that you really don’t know what you own. You have to be careful about the rule of law.

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They have done a terrific job at growing their business. Highly innovative. His concern is that you really don’t know what you own. You have to be careful about the rule of law.

WATCH
WATCH
May 28, 2018

Owns WeChat which is the leading social media app in China. It is the first place a company establishes their web presence there. He considers they are undergoing a bit of a breather.

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Owns WeChat which is the leading social media app in China. It is the first place a company establishes their web presence there. He considers they are undergoing a bit of a breather.

TOP PICK
TOP PICK
May 24, 2018

Large owner of Epic Games. One of the top five internet companies in the world. Market cap is $492 billion. Last week the company beat earnings expectations. Over 1 billion active users. Fascinating growth story. Earnings Growth is forecasted to be 25 to 30%. (Analysts’ price target is $73.50)

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Large owner of Epic Games. One of the top five internet companies in the world. Market cap is $492 billion. Last week the company beat earnings expectations. Over 1 billion active users. Fascinating growth story. Earnings Growth is forecasted to be 25 to 30%. (Analysts’ price target is $73.50)

BUY
BUY
May 14, 2018

WeChat has nearly a billion users. They pay a little dividend. Companies that pay dividends always outperform. It shows the cash flow is there. This is a play on Internet and gaming. He likes it.

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WeChat has nearly a billion users. They pay a little dividend. Companies that pay dividends always outperform. It shows the cash flow is there. This is a play on Internet and gaming. He likes it.

DON'T BUY
DON'T BUY
May 11, 2018

This company is an aggregator of social media for China. It is a very good business, but he struggles with the valuation being so stretched. There is not a great chance it will double in value in a reasonable amount of time. There are better opportunities to get Asian exposure like China Mobile.

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This company is an aggregator of social media for China. It is a very good business, but he struggles with the valuation being so stretched. There is not a great chance it will double in value in a reasonable amount of time. There are better opportunities to get Asian exposure like China Mobile.

COMMENT
COMMENT
May 10, 2018

What does it mean for a Canadian investor the fact that they are going to be listed now in Hong Kong? It is great to have where it needs to be. It always helps to be listed in other markets. Having said that you might have some things happening when you are asleep. He likes sideways and this stock has been trading sideways for quite some time. He needs some proof that the stock is not going to comeback form the cliff.

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What does it mean for a Canadian investor the fact that they are going to be listed now in Hong Kong? It is great to have where it needs to be. It always helps to be listed in other markets. Having said that you might have some things happening when you are asleep. He likes sideways and this stock has been trading sideways for quite some time. He needs some proof that the stock is not going to comeback form the cliff.

TOP PICK
TOP PICK
April 23, 2018

Growth rates are 40-60 percent per year. They have a gaming division. The Chinese use their app instead of credit cards. This should be a smaller position. (Analysts’ target: 522.41).

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Growth rates are 40-60 percent per year. They have a gaming division. The Chinese use their app instead of credit cards. This should be a smaller position. (Analysts’ target: 522.41).

BUY
BUY
April 12, 2018

He still owns it. Fourth largest internet-based companies in the world. It suffered a heathy pullback but long term you will see a company like this with tons of runway. Trading at 38 times earnings with a 25% growth rate which is attractive for a high growth technology company.

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He still owns it. Fourth largest internet-based companies in the world. It suffered a heathy pullback but long term you will see a company like this with tons of runway. Trading at 38 times earnings with a 25% growth rate which is attractive for a high growth technology company.

BUY
BUY
March 13, 2018

The fourth-largest internet company in the word, based in China. The penetration rate in China is half that of the US, so there's lots of runway for growth. They're into gaming and messaging and e-commerce. He continues to like and hold it. Transparency for Chinese companies was a concern 10 years ago, but not today.

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The fourth-largest internet company in the word, based in China. The penetration rate in China is half that of the US, so there's lots of runway for growth. They're into gaming and messaging and e-commerce. He continues to like and hold it. Transparency for Chinese companies was a concern 10 years ago, but not today.

STRONG BUY
STRONG BUY
February 26, 2018

The 6th largest position in his fund. Hopefully you can hold it forever. Everyone in China has it, whereas only half the people in North America have Facebook. WeChat has a payment system and you can sell things over it. They now have a mutual fund license.

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The 6th largest position in his fund. Hopefully you can hold it forever. Everyone in China has it, whereas only half the people in North America have Facebook. WeChat has a payment system and you can sell things over it. They now have a mutual fund license.

COMMENT
COMMENT
January 25, 2018

A great company, and he continues to like it. It’s basically a Chinese Internet and mobile value-added service type of company with gaming and online advertising services. A lot of their services are really intertwined. The 4th largest Internet Company globally. You are probably going to see well in excess of 30% long-term EPS growth. Forward PE is high at 37%, but if looking at growth rates 35% or higher, you are looking at a PEG ratio of 1.0, which is pretty cheap in the Tech space. Also, they have a much wider audience and a lot more runway than some of the US Internet companies.

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A great company, and he continues to like it. It’s basically a Chinese Internet and mobile value-added service type of company with gaming and online advertising services. A lot of their services are really intertwined. The 4th largest Internet Company globally. You are probably going to see well in excess of 30% long-term EPS growth. Forward PE is high at 37%, but if looking at growth rates 35% or higher, you are looking at a PEG ratio of 1.0, which is pretty cheap in the Tech space. Also, they have a much wider audience and a lot more runway than some of the US Internet companies.