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Depositary Receipt on TENCENT Issued by YUANTADD

Depositary Receipt on TENCENT Issued by YUANTA

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TENCENT19 trade ideas

EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem. With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming to build an ecosystem. In 2020, the company invested more than CNY 275 billion (year-on-year growth of 84%) in overseas markets, focusing on North America, Asia and Europe. Meanwhile, its overseas revenue hit CNY 33.9 billion in 2020 compared with CNY 16.7 billion in the previous year.
HKEX:700Long
by EqualOcean
A Glance at Tencent's Insurance Technology VenturesTencent has also sped up its venture into the insurance industry. In 2016, Tencent invested in Waterdrop Inc, which turned out to be China's first Insurtech stock (WDH:NYSE), as one of the angel investors. In 2017, Tencent also received the admission ticket, which is an insurance license for its Weimin Insurance Agency Co., Ltd or WeSure issued by CBIRC. WeSure Launched in 2018, WeSure had attracted about 50 million clients as of November 2020. Meanwhile, the number of its registered users has exceeded 100 million. Benefiting from the powerful data networks of WeChat and Tencent's other platforms, WeSure has provided its partners with vital insurance-related technologies, including anti-fraud, risk identification and precision marketing. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platforms, WeChat and QQ. WeSure has its own edge competing with AntSure. AntSure focused on 'insurance supermarkets' and relied upon cost-effective products based on natural flow conversion from its ecosystem. On the other hand, the focal points of WeSure are its selective customized products and real-life consulting services, which can provide enhanced one-on-one services to help customers with insurance configuration, claims assistance and more. Besides, WeSure has always taken the initiative to partner with foreign insurers, such as AXA and MetLife, to further expand the scope it can reach. In the early stages of COVID-19, WeSure and AXA launched an insurance plan which protected more than 100,000 front-line medical service staff, and the total insured amount of people through WeSure is over 15 million since the outbreak. In addition, WeSure has actively explored charitable opportunities through the use of online insurance; for instance, WeSure established the 'WeSure Charity Fund' to enhance the effectiveness of insurance as a social stabilizer through leveraging the Internet and insurance to increase participation in philanthropy. Bottom line Despite the regulatory shakeups, WeSure and AntSure remain key tech-powered driving forces in China's insurance domain, embracing the potential to reshape the industry landscape. For the full article with the charts, please visit the original link.
OLong
by EqualOcean
JICPT| Tencent pending breakout to challenge bearish structures!Hello everyone. It seems HK investors calmed down a bit regarding the tightened regulation on tech companies from Beijing. Let's have a look at Tencent. On the weekly chart, price has closed above key level of 477(flip and moving average). The emotional selling seems to be over. On the daily chart, price refused to create lower low with a nice gap-up formed today, indicating strong momentum. But I do notice trouble zone of 510-523 ahead . I will pay close attention on the arrival and candle formation. The firm supply zone is 570-580 . I guess huge selling pressure there. Let's get back to the basic. I don't believe government want to kill the techs. The change is from no regulation to regulation. In the long term, regulation helps tech companies to grow in a sustainable way. So, I'm bullish on Tencent for the long run. What's your opinion? Feel free to post your comment below.
HLong
by JICPT
Tencent at KEY technical levels!From a price action perspective, Tencent looks primed to make its next leg up. Firstly, price has found support on a bullish trendline formed in late 2018 that has been tested and held multiple times. Secondly, price has bounced off the weekly 200 day MA, as it has done previously in March 2020 and October 2018, with a high level of accuracy. Thirdly, price has made a 0.618 Fibonacci retracement, a key reversal level, from its October 2018 lows. Moreover, the RSI is showing oversold levels but more importantly is showing bullish divergence. Taken together, a trader may have a high level of bullish conviction based on these technicals - it really does look like a textbook move. Despite this, from a fundamental perspective, Chinese tech stocks are under a massive amount of pressure from the Chinese government over monopoly concerns. Cathie Wood of ARK invest recently liquidated large amounts of holdings in Chinese tech stocks. Other Chinese tech stocks like Alibaba and Baidu have also recently suffered a deep slide in their share price. Should the regulatory concerns blow over, this set up presents a very attractive reward. However, the fundamental risks must not be ignored and still present a very real threat to the stock price.
OLong
by zvissss
Hong Kong Tech Giant Tencent, is it time to buy? After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again? Tencent has not closed below the 40 MA on the monthly chart yet. The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term. Currently, the MA level to watch is 431. If we close below this moving average, it could be a strong sign that downside risk has increased again...
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by johninvest17
39
Tencent SelloffGovernment crackdown on China tech has really set in. Now tencent is currently has had a similar low point to 2018 approximately 40%. Investors are stuck at a junction to decide whether the price goes up from here or down. If we take similar sell offs based off previous we see tencent at about 170, a further 60% from here. If we take the fundamental approach we see tencent bounce very soon. So my game plan, Sold put strike @440 for 30c. If the share price stays below 440 on 30 Aug i am obliged to own at 440. If the stock stays above 440 I am collecting 30 c effectively having my entry lowered to 410 to sell another put
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by JasonNz
Tencent sell-off a little overdone?With the Chinese crackdown on tech stocks and the latest announcement banning for-profit education, Tencent has seen a significant impact on its latest share price. The latest move has seen price rejected all the way to the Monthly/Weekly S3 @ 490 which is considered very extreme from a technical standpoint and ignoring fundamental factors for a moment will provide an excellent risk to reward opportunity for a pullback to the yearly pivot @ 507 followed bt a gap close at the Monthly S2 @ 530. Should we see more downside the only other obvious major level of support is near 475
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by FXAutomate
Tencent Rushes into AI Chip Design MarketChina's Internet giants – Baidu, Alibaba and Tencent – have now all joined the semiconductor design race. On July 14, Tencent (00700:HK) posted multiple positions for AI chip development-related roles on its official recruitment website. These include chip architects, chip verification engineers, chip design engineers, which were all posted under the Tencent Technology Engineering Group (TEG). In response to the news, Tencent revealed (link in Chinese) that it has tried to develop some chips for specific applications, such as AI acceleration and video codec, and non-universal chips, based on some business demands. Tencent started its foray into the AI chip market a few years ago as an investor. In August 2018, Tencent led pre-Series A round of AI startup Enflame. Later on, Enflame raised CNY 700 million in Series B and CNY 1.8 billion in Series C, while Tencent joined both rounds. The tech giant's in-house chip development intentions have been evident for a while. In March 2021, Shenzhen Baoan Bay Tencent Cloud Computing Co., Ltd., Tencent's wholly-owned subsidiary, was registered, with Ma Huateng as the actual controller. Per official announcements, the new company's business scope includes IC design and research and development. Baidu and Alibaba have been involved in the chip sector for years, where Baidu was the first entrant. In 2018, it announced the launch of the first in-house AI chip, Kunlun, designed to optimize AI workloads and improve Cloud computing's cost structure. Alibaba unveiled its first AI chip, Hanguang 800, in 2019. The chip is applied to the Taobao platform, which can reduce computing tasks requiring one hour to five minutes. The AI chips developed by Baidu and Alibaba are mainly used for expanding their own existing businesses. Tencent's interest in self-developed specialized chips might also have something to do with vertical integration of the technology chain.
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by EqualOcean
JICPT| Tencent approaching key bullish structure, buy the dip!Tencent has dropped from its peak level in Feb. by more than 30% till today. The demand zone of 555-579 failed to hold after the second revisit. The market cap is still over $700B after the drastic fell due to investor's concerns of regulation squeeze. It all went back to Jack Ma's speech at the Bund Summit in Shanghai in Oct. 2020. We all know what happened after that. The sudden suspension of Ant group IPO was just the start...Then came with the fine and tightened regulation on personal data usage and protection. That affected all Chinese tech companies who have minimum regulation in the past. The crackdown on the tech companies impact its valuations and triggered sell-off from investor due to the uncertainty. So, that's a brief explanation of why Chinese tech stocks suffered a great loss this year. what's next? First of all, what's the motivation behind the regulator? Does it want to shut down those super-star companies who were regarded as the proud of the nation in the past? Definitely no! I know the recent 22 investigation on those tech companies, but the fine is capped at RMB 500K, less than $100K. That's nothing. Maybe, investors are sort of overreacted. So, let's get back to the technical side. On the chart, I note the price is approaching my long-term MA in red color around 477. Beside, the level is also a flip level. That's an odds-enhancer. Personally, my investment portfolio has exposure to Tencent. The recent drop did not make me scared, instead, I'm ready to buy for my long-term return! So, this is not a trading idea. Sometime, we need to be patient. Give me a like if you're with my idea. It's Friday night here in China. Take care and enjoy your weekend.
HLong
by JICPT
2
Has it bottomed?Alibaba Group (9988) and Tencent Holdings (HKG:0700) are considering opening up their services to each other as Beijing clamps down on anti-competitive practices in the tech sector, The Wall Street Journal reported Wednesday, citing people familiar with the matter. The potential move will likely break the virtual wall that the two tech giants have built, preventing users from accessing one company's tech platform using the other's services, the report said. Alibaba may allow users of Tencent’s WeChat Pay to make payments on Alibaba’s e-commerce marketplaces Taobao and Tmall, a move that could be announced in the coming months, according to the report. Tencent will also likely allow selected Alibaba services to access WeChat users through mini-programs or light apps that are embedded in the main WeChat platform, the WSJ said. The report comes as China tightens its crackdown on monopolies, particularly in the tech industry dominated by Alibaba and Tencent. In April, China's antitrust regulator slapped a record fine of 18.23 billion yuan ($2.82 billion) on Alibaba over what it described as the company's abuse of market dominance for years.
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by ShukriMahadi