Added to YB: 2024-08-16
Pitch date: 2024-06-30
TCEHY [bullish]
Tencent Holdings Limited
+22.02%
current return
Author Info
No bio for this author
Company Info
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.
Market Cap
HKD 3.6T
Pitch Price
HKD 46.57
Price Target
N/A
Dividend
1.15%
EV/EBITDA
11.68
P/E
N/A
EV/Sales
4.74
Sector
Interactive Media and Services
Category
growth
Loomis Sayles International Growth Fund Portfolio Holding: Tencent Holdings Limited
TCEHY: Q4 beat w/ rev +6% YoY, adj op profit +30%. Gaming rebound despite regs. VAS -1%, fintech/biz +7%, ads +26%. 37% op margin (+700bps). 1.36B WeChat users (+3% YoY). Strong FCF @ 32% of rev. Long-term growth in gaming, media, ads, payments, cloud. Trades at discount to intrinsic value despite near-term China uncertainty.
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