Added to YB: 2024-06-04
Pitch date: 2024-04-19
0700.HK [bullish]
Tencent Holdings Limited
+44.1%
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 3.5T
Pitch Price
HKD 299.23
Price Target
N/A
Dividend
1.17%
EV/EBITDA
N/A
P/E
15.47
EV/Sales
4.63
Sector
Interactive Media and Services
Category
growth
Harding Loevner Chinese Equity Composite Portfolio Holding: Tencent Holdings Limited
Tencent voluntarily divested non-core investments (Meituan, JD stakes) amid regulatory pressure. Shareholder returns prioritized: 25% div payout ratio (up from 10%), targeting 2x buybacks to HK$100B in 2024. 4.8% yield via distributions, divs & buybacks. US$126B portfolio could drive further returns.
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