Tencent Holdings traded at 466.40 this Wednesday July 29th, increasing 19.20 or 4.29 percent since the previous trading session. Looking back, over the last four weeks, Tencent Holdings gained 8.52 percent. Over the last 12 months, its price fell by 15.05 percent. Looking ahead, we forecast Tencent Holdings to be priced at 424.21 by the end of this quarter and at 394.52 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tencent Holdings Limited is an investment holding company principally involved in the provision of value-added services (VAS) and online advertising services. The Company operates through three main segments. The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms. The Online Advertising segment is mainly engaged in display based and performance based advertisements. The Others segment is mainly involved in provision of payment related services, cloud services and other services.