Tencent Holdings

Tencent Quarterly Profit Misses Estimates as Growth Slows

Tencent Holdings Ltd. (700) reported third-quarter profit that missed analyst estimates after the Chinese Internet company’s revenue gained at the slowest pace since 2007 and development and staff costs increased.

AliBaba overpriced, but have a look at Xiaomi – Hong Kong tech analyst

The newest Chinese sensation to hit Wall Street, online auction business AliBaba.com, yesterday became the biggest IPO in history when underwriters took up additional shares, taking its total fund raising to $25bn. AliBaba’s share price surged to 40% above the listing level and demand for the stock remains strong. In CNBC Africa Power Lunch today … Read more

TenCent target Snapchat valued at $10bn

 From Agence France-Presse US media on Tuesday reported that Snapchat was valued at $10 billion based on funding pumped into the startup by a powerhouse Silicon Valley venture capital firm. The valuation came from a move by Kleiner Perkins Caufield and Byers to invest $20 million in Snapchat, according to The Wall Street Journal and … Read more

Expert analysis of Naspers’ downgrading and its Tencent holding

The big news shocker for the day was the downgrading of Naspers’ senior unsecured debt by Fitch to the status of non investment grade, which is also known as junk. Whilst trying to make sense of the bold move by Fitch, and whether or not it is cause for alarm, Alec Hogg spoke to expert … Read more

CFO on Naspers’s debt downgrade to “junk” status

Market watchers and commentators reacted with surprise and confusion to the downgrading of Naspers‘ senior unsecured debt to ‘junk status’ which is identified as non investment grade by Fitch. The general consensus is that the ratings agency is far off the mark with many finding the move unfounded, given the success and position of Naspers. Fitch’s … Read more

Tencent Q2 net income rises 59%

BEIJING (Reuters) – Tencent Holdings Ltd, China’s biggest listed tech firm, posted quarterly earnings that beat analyst estimates as smartphone gaming and social networking contributed a large share of sales growth for the second quarter in a row. Net income for the quarter ended June rose 59 percent on year to 5.84 billion yuan ($949 million), slightly above … Read more

Naspers is cheap at the price – analyst

Naspers has run really hard in rand terms over the last two years, as the chart below shows. For South African investors, the huge share price growth looks a little intimidating, but according to Old Mutual analyst Phillip Short (great name for an analyst!), from a certain perspective, the share actually looks pretty cheap. He … Read more

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