Added to YB: 2026-05-12
Pitch date: 2026-05-09
0700.HK [neutral]
Tencent Holdings Limited
-2.66%
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 459.64
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
value
Tencent: The Business Behind the Narrative
0700.HK (deep dive): Weixin/WeChat 1.42B MAU anchors digital infrastructure across payments, games, ads, fintech. FY25 rev RMB751.8B (+14%), FCF RMB182.6B (+18%), gross margin 44%→56%, op margin 22%→32%. RMB107.1B net cash + RMB672.7B listed stakes. Trades ~17x P/E, mid-teens FCF multiple ex-investments. Risks: regulation, gaming approvals, consumer weakness, unlisted portfolio opacity. Strong capital allocation but needs margin of safety for China risk.
Read full article (8 min)