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TENCENT HOLDINGS LIMITED ADR EACH REP 1 ORD UNSPONTENCENT HOLDINGS LIMITED ADR EACH REP 1 ORD UNSPONTENCENT HOLDINGS LIMITED ADR EACH REP 1 ORD UNSPON

TENCENT HOLDINGS LIMITED ADR EACH REP 1 ORD UNSPON

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JICPT| Tencent completed retest, ready to challenge gap! Hello everyone. It's a good day for tech bullish buyers, especially Tencent fans. On the daily chart, I found the retest has been completed with a bullish leg-out candle formed today. Looking above, the next challenge is the gap from HKD513 to HKD528. Also, there is a downtrend line which may weigh on it. Looking forward, the valuation is attractive and I'm bullish on the stock. Though, it could have a second fall to the level of HKD479 before coming back again. What's your opinion? Give me a like if you're with me.
HKEX:700Long
by JICPT
2
[Analysis] Tencent (700)(HK)Even after a 47% retracement from its high, Tencent's uptrend is still intact. Currently, there is a support/resistance formed at 410 and 510 respectively. We do see a huge volume coming in within this price range yet, the price is still holding. This suggests that there is a huge demand coming in to soak the selling. As long as the price remains above the support level at 410, we can safely say demand is coming in and the chances for price rebounding is high. However, before the price proceeds higher, there will most likely be a prolonged consolidation period to exhaust the sellers. Hence, if you plan to buy in during this period, ensure that you have holding power. Or... You can wait for the consolidation to happens and then buy the breakout above 510. Show price drop below 410, we are in a deep bear territory and we should not be holding any longer.
HKEX:700Long
by NimbusCapital
JICPT| Tencent bouncing from previous low with better earning!Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421. Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure. The nearest support level is previous low of HKD 421. What's the next key support level if 421 is violated? On the Monthly chart, HKD 394 is identified as a confluence supporting level with flip, mid-term MA and uptrend line . Don't use up all your bullets if price drops to the level. We all know that emotion may push the price further down. But, in my opinion, HKD 394 is really a reasonable & cheap price for Tencent. I'd like to hold it for 2-3 years. What do you think? Give me a like if you're with me.
HKEX:700
by JICPT
EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem. With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming to build an ecosystem. In 2020, the company invested more than CNY 275 billion (year-on-year growth of 84%) in overseas markets, focusing on North America, Asia and Europe. Meanwhile, its overseas revenue hit CNY 33.9 billion in 2020 compared with CNY 16.7 billion in the previous year.
HKEX:700Long
by EqualOcean
A Glance at Tencent's Insurance Technology VenturesTencent has also sped up its venture into the insurance industry. In 2016, Tencent invested in Waterdrop Inc, which turned out to be China's first Insurtech stock (WDH:NYSE), as one of the angel investors. In 2017, Tencent also received the admission ticket, which is an insurance license for its Weimin Insurance Agency Co., Ltd or WeSure issued by CBIRC. WeSure Launched in 2018, WeSure had attracted about 50 million clients as of November 2020. Meanwhile, the number of its registered users has exceeded 100 million. Benefiting from the powerful data networks of WeChat and Tencent's other platforms, WeSure has provided its partners with vital insurance-related technologies, including anti-fraud, risk identification and precision marketing. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platforms, WeChat and QQ. WeSure has its own edge competing with AntSure. AntSure focused on 'insurance supermarkets' and relied upon cost-effective products based on natural flow conversion from its ecosystem. On the other hand, the focal points of WeSure are its selective customized products and real-life consulting services, which can provide enhanced one-on-one services to help customers with insurance configuration, claims assistance and more. Besides, WeSure has always taken the initiative to partner with foreign insurers, such as AXA and MetLife, to further expand the scope it can reach. In the early stages of COVID-19, WeSure and AXA launched an insurance plan which protected more than 100,000 front-line medical service staff, and the total insured amount of people through WeSure is over 15 million since the outbreak. In addition, WeSure has actively explored charitable opportunities through the use of online insurance; for instance, WeSure established the 'WeSure Charity Fund' to enhance the effectiveness of insurance as a social stabilizer through leveraging the Internet and insurance to increase participation in philanthropy. Bottom line Despite the regulatory shakeups, WeSure and AntSure remain key tech-powered driving forces in China's insurance domain, embracing the potential to reshape the industry landscape. For the full article with the charts, please visit the original link.
OTC:TCEHYLong
by EqualOcean