Advertisement
UK markets open in 7 hours 28 minutes
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • CRUDE OIL

    85.24
    -0.12 (-0.14%)
     
  • GOLD FUTURES

    2,400.30
    -7.50 (-0.31%)
     
  • DOW

    37,798.97
    +63.86 (+0.17%)
     
  • Bitcoin GBP

    51,371.62
    +440.81 (+0.87%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,865.25
    -19.77 (-0.12%)
     
  • UK FTSE All Share

    4,260.41
    -78.49 (-1.81%)
     

Is Tencent Holdings Stock a Buy Now?

Is Tencent Holdings Stock a Buy Now?

Tencent Holdings (OTC: TCEHY) posted its first-quarter earnings report on May 18. The Chinese tech giant generated 135.5 billion yuan ($21.3 billion) in revenue, which stayed nearly flat from a year ago and missed analysts' estimates by 5.5 billion yuan. Tencent's net profit declined 51% to 23.4 billion yuan ($3.7 billion), which also missed analysts' expectations by 5.1 billion yuan.