Tencent news has continued in recent days, and there are also dazzling performances in the capital market. Tencent Holdings opened at 245 Hong Kong dollars/share on May 2nd, and finally closed at HK$248.4/share, up 2.05%, and the market value reached HKD2354.17 billion (US$30.062 billion).
This means that Tencent's market value has finally exceeded the US$300 billion mark and has become the top of BAT's market value after eight consecutive trading days.
In contrast, Alibaba closed at $116.68 per share on May 1 and gained 1.02%. The market value was 291.175 billion U.S. dollars, which was exceeded by Tencent. Baidu reported that it closed at 180.06 U.S. dollars per share on May 1, down 0.09 percent. 62.234 billion US dollars, only 20.57% of the latest market value of Tencent.
Judging from the market capitalization rankings, Tencent is currently the first, followed by Ali and Baidu third. Perhaps the three Internet giants, which have always been called "BAT," may later be changed to "TAB".
Previously, Tencent's market value has undergone a landmark breakthrough. On April 6, Bloomberg released the list of the world’s top ten listed companies. Tencent’s market value reached US$279 billion, surpassing Wells Fargo, and becoming the tenth largest listed company in the world.
According to industry analysts, Tencent's good performance in the capital market is mainly due to the strong performance of the company's games, advertising, payment services and other sectors.
According to Tencent’s 2016 full-year financial report released in March, Tencent’s revenue was approximately 151.9 billion yuan last year, an increase of 48% year-on-year; net profit was 41 billion yuan, a year-on-year increase of 43%; its main contribution to performance was the game and advertising. business.
To this end, in the past month, a number of investment banks have given a “buy†rating to Tencent, and both believe that Tencent still has room for growth.
Among them, Goldman Sachs on April 18 given the target price of Tencent Holdings is 267 Hong Kong dollars; Citibank April 21 target price is 262 Hong Kong dollars; Deutsche Bank also raised Tencent target price of 2.4%, from 242 Hong Kong dollars rose to 247 Hong Kong dollars .
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