Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Tencent Holdings Ltd    0700   KYG875721634

TENCENT HOLDINGS LTD (0700)
Mes dernières consult.
Most popular
  Report  
End-of-day quote. End-of-day quote  - 06/19
397.8 HKD   -2.74%
06/18Google to invest $550 million in China e-commerce giant JD.com
RE
06/15TENCENT : expanding into cultural and creative space
AQ
06/14China's Costly Wars to Go Cashless
DJ
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Naspers Expects Fiscal Year 2018 Earnings to Soar on Tencent Stake Sale -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/13/2018 | 03:52pm CEST

By Adria Calatayud

Naspers Ltd. (NPN.JO) said Wednesday that it expects earnings per share for fiscal 2018 to soar after it reduced its stake in Chinese tech giant Tencent Holdings.

The South African media and internet company said it estimates earnings per share of between $26.08 and $26.56 for the year ended March 31. This compares with EPS of $5.48 for fiscal 2017, which has been adjusted from the $6.77 Naspers originally reported to reflect a change in the company's accounting policy. This growth is due to the one-off gain from the disposal of a portion of the Tencent shares owned by Naspers, the company said.

Core headline EPS--the company's preferred earnings measure, which strips out non-recurring and non-operational items--for fiscal 2018 is expected at between $5.73 and $5.90, Naspers said. This would represent a 70% to 75% growth compared with a core headline EPS of $3.37 for fiscal 2017 after a restatement to reflect the company's new accounting policy.

In March, Naspers sold shares worth more than $10 billion as it reduced its stake in Tencent to 31.2% from 33.2%, in the company's first disposal of stock in the Chinese company since Naspers took a stake in 2001.

The company will publish its full fiscal 2018 results on June 22.

Write to Adria Calatayud at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
NASPERS LIMITED -3.01% 3210 End-of-day quote.-8.45%
TENCENT HOLDINGS LTD --End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENCENT HOLDINGS LTD
03:40pTENCENT : P3
AQ
03:39pTech giants tap into AI healthcare market
AQ
02:29pTech giants tap into AI healthcare market
AQ
06/18Google to invest $550 million in China e-commerce giant JD.com
RE
06/18OPINION : Is Naspers cheap - or is it a trap?
AQ
06/16Chinese gaming industry keeps on leveling up
AQ
06/16Chinese gaming industry keeps on leveling up
AQ
06/15TENCENT : expanding into cultural and creative space
AQ
06/15HSI opens down 29 pts to 30,411; H-share -27 pts to 11,923
AQ
06/15Gaming firms explore overseas markets
AQ
More news
News from SeekingAlpha
03:25pPUBG hits 400M players globally 
06/09VENTURE CAPITAL DEALS OF THE WEEK : Ant Financial Gets $14B Ahead Of IPO 
06/08SOGOU : A Fast-Growing Search Company With Option Value 
06/07Tencent partners with J.J. Abrams for game division 
06/04NETEASE : Compelling Buying Opportunity 
Financials ( CNY)
Sales 2018 341 B
EBIT 2018 105 B
Net income 2018 86 255 M
Finance 2018 91 660 M
Yield 2018 0,28%
P/E ratio 2018 37,41
P/E ratio 2019 29,34
EV / Sales 2018 9,06x
EV / Sales 2019 6,57x
Capitalization 3 176 B
Chart TENCENT HOLDINGS LTD
Duration : Period :
Tencent Holdings Ltd Technical Analysis Chart | 0700 | KYG875721634 | 4-Traders
Technical analysis trends TENCENT HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Average target price 422  CNY
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Zhi Dong Zhang Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LTD-2.45%492 657
NETFLIX104.20%170 391
NASPERS LIMITED-5.61%107 762
IQIYI, INC0.00%28 421
WEIBO CORP (ADR)6.01%24 476
COSTAR GROUP INC39.41%15 065