Should you pass or buy Tencent? Zacks experts tell all in a new free Special Report. Using their trading system, Zack's experts give you their prediction for TCEHY in free RPT
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- Tencent Holdings Limited (OTCPK:TCEHY) is a promising growth investment in FY 2024 as the company returned to double digit top line growth in FY 2023 and the online advertising business is seeing an acceleration of growth as well.
seekingalpha.com/article/4681648-tencent-stock-q4-earnings-revenue-rebounds-improved-fcf-margins-maintain-buy
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Oct 3, 2024 · Tencent Holdings TCEHY is enjoying a revival in its stock price in 2024: The shares are up 50% year to date. But even after the rally, this wide-moat stock remains well off its 2021 highs.
- Tencent's Recent Performance Has Been Disappointing.
- Tencent's Long-Term Growth Prospects Remain Attractive
- So Is Tencent Stock A Buy?
Tencent has arguably had one of the best long-term track records for growth. Since its initial public offering (IPO) in 2004, revenue and net profit have grown by an annualized rate of 44%. Its flawless performance, however, fell short lately as it delivered its first-ever annual declinein revenue. Net profit for the year performed worse, down by 1...
Let's face it. No company can continue to grow at 44% forever. And at its size -- $80 billion annual revenue -- Tencent is already a giant, so it's natural that its growth slows down over time. Still, there are good reasons to believe that the company can continue to grow -- albeit slower -- by leveraging its twin engine of the franchise business a...
Tencent faces short-term headwinds from the Chinese government crackdownand the generally weak external economy. However, the tech behemoth should resume its upward trajectory in the longer term by growing its internal businesses and investment portfolio. On balance, I'm cautiously optimistic about the company's prospects over the next few years. A...
May 19, 2023 · Price as of October 31, 2024, 3:59 p.m. ET. Brighter days could be ahead for the Chinese tech giant. Tencent (TCEHY -1.30%) once seemed like a promising long-term play on China's booming tech...
Jan 3, 2024 · Shares of Tencent (TCEHY -1.27%), the Chinese tech giant and parent of WeChat, were moving higher today on news that Beijing had taken a step to support the gaming industry, potentially signaling...
- Jeremy Bowman
Jun 19, 2022 · Tencent shareholders have suffered multiple headwinds in the past 12 months. Check out why I assign a Buy recommendation for Tencent stock.
Mar 12, 2024 · Tencent (TCEHY) faces difficulties from the Chinese economy slowdown, but expects promising fiscal 2023 results. See why I rate the stock a buy.
Jul 6, 2024 · I rated Tencent a strong buy in April 2024 due to a fast-growing online advertising business as well as strong core business profitability. While I also referenced Tencent’s low valuation...
