Morningstar - Tencent Holdings Ltd. (00700) Tencent Invests USD 1.78 Billion for 5% Stake of Tesla

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Morningstar

Marie Sun

EUR 98.48 For Business Accounts Only

Tencent Invests USD 1.78 Billion for 5% Stake of Tesla

Tencent became the fifth-largest shareholder of Tesla. According to Teslaâ€™s public filings, Tencent acquired 8,167,544 shares at a total consideration of USD 1.78 billion through open market purchase on March 17. The purchase price is about USD 217 per share as per our calculation, which is lower than the current market price of USD 277.5 and higher than our U.S. analystâ€™s fair value estimate of USD 197. We believe that this shows Tencentâ€™s ambition in the automobile industry, which has been shi...

29/03/2017 14 EN

Underlying

Tencent Holdings Ltd.

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.

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KYG875721634 Hong Kong Stock Exchange Cayman Islands

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Marie Sun

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Tencent Invests USD 1.78 Billion for 5% Stake of Tesla

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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