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Tencent Holding Ltd.Tencent Holding Ltd.Tencent Holding Ltd.

Tencent Holding Ltd.

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TCEHY trade ideas

Tencent Analysis 25.11.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
OTC:TCEHY
by basictradingtv
3
Tencent's Profit Down 2% YoY for the First Time in 10 YearsThe drop was a result of regulatory crackdowns on media and restrictions on teenagers' gaming time. Despite enhancing its parental control policy and constrained gaming time for teenagers (from 6.4% in Q3 2020 to 0.7% in Q3 2021), Tencent saw its domestic gaming service revenue increase by 5% and 20% for the overseas markets. However, Tencent's top moneymaker – mobile gaming – has seen its growth slow down for three consecutive quarters. A series of media crackdowns in China has been influential on Tencent's advertising income. The YoY revenue grew only 5% due to the political impact on industries, such as education and insurance. In addition to the latest regulatory change, media advertising revenue primarily from the Tencent news app has dropped 4%. Meanwhile, Tencent's free cash flow decreased by 14%.
OTC:TCEHY
by EqualOcean
Tencent Music Sees Rise in Revenue - Q3 2021 Financials ReleasedOnline music paying users jumped 37.7% to 71.2 million from a year earlier, while the figure increased by 5 million from the prior quarter. The total revenue of Tencent music in the third quarter was CNY 7.81 billion, an increase of 3.0% over the same period. The net profit was CNY 1.06 billion, a decrease of about 35% over the same period. The financial report also pointed out that in the first three quarters of 2021, the total revenue of the firm was CNY 23.63 billion, an increase of about 13.5% over the same period last year. The revenue from online music services was CNY 2.89 billion, a year-on-year increase of 24.3%. The revenue from music subscription services was CNY 1.9 billion, a year-on-year increase of 30.2%. This growth was due to the record number of online music paying users, reaching 71.2 million, a year-on-year increase of 37.7%. The revenue from social entertainment services and other businesses was CNY 4.92 billion, a year-on-year decrease of 6.4%. Tencent music said that this was due to the temporary loss of some mild users to other pan entertainment platforms, resulting in a year-on-year decrease in the company's online music and social entertainment Mau. The results come amid a regulatory crackdown in China on sectors from tech to education and property. The company's parent, Tencent Holdings, said in August it had ended all exclusive music copyright agreements after regulators barred it from such deals.
OTC:TCEHY
by EqualOcean
JICPT| Tencent likely to retest the gap zone again ahead EarningHello everyone. Two months ago, I've published a post titled ' Tencent completed retest, ready to challenge gap! '. Yep, I'm right about the challenge, however, it failed to firmly close above the grey zone. Now, I'd like to revisit Tencent again as the earning repor t is coming out 6 days later. Let's have a look at the daily chart. Firstly, the uptrend line has been respected well with higher high structure created. The problem is that it failed to retest the previous high formed in the grey gap zone area. So it may face selling pressure above $500. Let alone the coming down long-term moving average lines in red color. I guess Tencent will consolidate for a while before the earning report. The possibility of taking out the recent high is very low. If the report is better than expected, buyers is likely to be excited to rush in and push the price conquer the grey zone. Let's wait and see.
HKEX:700Long
by JICPT
Tencent Meeting Held 4 Bn Meetings in 2020, Hit 200 Mn UsersThe outbreak of COVID-19 in 2020 damaged many sectors. The videoconferencing market was among the winners. Tencent Meeting (global version – VooV Meeting) took its second mover advantage and tightly followed its global counterpart – Zoom. Released in late December of 2019, Tencent Meeting, although coming out seven years later than Zoom, has now become the most used video conferencing app in China. According to Tencent's vice president Yuepeng Qiu, Tencent Meeting now attains (source in Chinese) 200 million users and held more than 4 billion meetings in 2020. At the time Tencent Meeting was presented, no one could predict its future impact in China. From its bare-bone functionalities and dated UI in earlier versions (even today 26% of its user ratings are 1-star), we could speculate that this app initially wasn't the tech giant's top priority. Resulting from its unexcepted success, Tencent Meeting now joins the Tencent enterprise services ecosystem. The following months will see more integration between Tencent Meeting and Enterprise WeChat.
OTC:TCEHY
by EqualOcean
Tencent Preparing New Gaming Studio to Facilitate MetaverseTencent is looking to prepare for the next stage of internet games with a new studio that focuses on metaverse. Tencent Holdings is assembling an international team for its new gaming studio that will be under TiMi Studio Group, a subsidiary of Tencent. Rumor has it that the company sent out an internal letter indicating the establishment of new 'F1'. According to the company's official career page, there are also over 40 new positions available for the new studio. While a representative of TiMi said on Wednesday that the company is dedicated to developing AAA games and does not focus on 'metaverse', a company employee said that the new studio is essentially about the metaverse and development of metaverse-like games. Despite the officials' attempts to try to stay off the topic of the 'metaverse', Tencent's record shows that the company had filed to register numerous metaverse-related trademarks, including 'Kings Metaverse', 'QQ Music Metaverse', and 'QQ Metaverse'. Tencent currently runs the largest video gaming business by revenue. The company owns Riot, which has hit games like League of Legends and Valorant. In addition, TiMi, Tencent's subsidiary, generated over USD 10 billion last year with popular games like Honor of Kings and Call of Duty: Mobile. This article was first published by ChineseAlpha.
OTC:TCEHY
by EqualOcean
Tencent Holding (TCEHY) needs to break above $73.13 to resume upTCEHY has been on a medium term downtrend since 030521 since the short signal issued at $78.60. The long term charts is still long from 010620 at $56.70. A break above the weekly supertrend resistance at $73.13 may resume the uptrend supported by a long signal on the day charts at $62.70 on 071021 Long Term UPTREND since 010620 Medium Term DOWNTREND since 030521 Short Term BASEFORMING since 071021 PIVOT 73.13 Short positions below 73.13 for 59.60 and 41.26 Long positions above 73.13 for 99.40 and new ATH
OTC:TCEHY
by gekkohot
China: Where is the bottom? Let's look at Tencent Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week moving average that supported price during the correction of 2018 (President Donald Trump's trade war with China & the slowdown in global economic growth / concern that the Fed was raising interest rates too quickly) - The 200wma also supported price during the Covid meltdown of 2020. 3) 2018 and 2020 resistance is now structure support + notice the gap that was just recently filled during yesterday's waterfall decline. 4) Tencent has retraced about 76% from the former impulse low to high, which is a standard deep retest in a correction (61.8% - 76% on the deeper end). 5) FXI is the Chinese large cap ETF - notice it hit the 200 Month moving average and bounced. You could see that here: No position yet, but may be interested in LEAPS. Easier trades out there IMO... but if holding, this is definitely not a place to sell. Expect chop and time to base. V shape recovery is also possible here (but unlikely in my view due to sentiment damage and headline risk). GL
OTC:TCEHY
by Lanmar
7
Are you doubling down on Tencent or freak out and sell ?Read article here One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to). The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story. In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them. Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only . If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price. Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
HKEX:700Long
by dchua1969
Future for TencentFirst question is what is your holding period? If you look to invest for more than 6 months to a year, then good to build your first position in Tencent at current price and we might see 7xx in future (unknown timeline) . However, if you are trading for quick profit, the current price will most probably ranging within $100 before any significant move can happen as market starts to consolidate. Meanwhile, you could spend your fund on other active stock to make money instead of sitting in tencent till the chart has started to show sign of reversal. Not recommend to trade, but recommend for hold for long term at current price.
HKEX:700
by 100dollar
Tencent Responds as CCTV Exposes the Account Renting ProblemSo far, the gaming giant has sued or sent letters to more than 20 account trading platforms and several e-commerce platforms, demanding them to stop all relevant services. The rates for account renting services for Honor of Kings – which usually cost CNY 33 per two hours – have been emerging on the Internet and, in response, Tencent Game, the gaming sector under the tech giant Tencent – developer of the MOBA game Honor of Kings – claimed that account leasing and selling seriously damaged the game's real name system and protection mechanism for minors. By far, having sued or sent out letters to more than 20 platforms, it demanded a full stop of all relevant services. On August 30, 2021, the National Press and Publication Administration issued a 'notice' to prevent minors from falling addicted to online games. The 'notice' states that all online gaming enterprises can provide minors, on Friday, Saturday, Sunday and legal holidays only, with one-hour services max (specifically from 20:00 to 21:00) and offering online gaming services to minors in any form at any other time is prohibited. Yet, on the evening of September 6, CCTV, the state-controlled outlet, outlined in its news broadcast how a grey industrial chain has emerged on the Internet that rents and sells game accounts, which enables the minors to play online games without restrictions. On the account renting platforms, users can trade accounts of a variety of popular games including Honor of Kings and PUBG. So far, the owner of Honor of Kings has called on relevant departments to issue corresponding laws and regulations to strictly control the account leasing and selling problem. Despite the issuing of the 'notice', according to surveys, the policy did not have a material impact on the revenue of gaming companies. Previously, Tencent disclosed in the 2021 interim report that players under 16 accounted for only 2.6% of the total game revenue, of which only 0.3% came from players under 12. Analysts from Jefferies Group predicted that about 5% of Tencent's game revenue came from minors under the age of 18. In other words, if the game business accounts for about 60% of the gaming tycoon's total revenue, the new regulation's impact would be barely 3%.
OTC:TCEHY
by EqualOcean