Added to YB: 2026-10-14
Pitch date: 2026-10-12
0700.HK [bullish]
Tencent Holdings Limited
-0.76%
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 3.3T
Pitch Price
HKD 421.00
Price Target
850.00 (+103%)
Dividend
1.25%
EV/EBITDA
10.79
P/E
14.25
EV/Sales
4.26
Sector
Interactive Media and Services
Category
value
#08: Tencent | $0700.HK
0700.HK: Tencent offers an already-monetizing AI thesis: better targeting and closed-loop commerce are lifting ad prices, while rising viewing time and a 4-5% Video Accounts ad load leave room for more impressions; first-half ad revenue grew 21%. The core business trades near 10x earnings. Through Prosus, investors also get a 41% NAV discount and accretive buybacks, with a rough near-2x five-year scenario assuming flat Tencent earnings, an 18x Tencent multiple, a 30% NAV discount and $5bn annual buybacks; risks include regulation, excessive AI spending and poor Prosus capital allocation.
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