Tencent Holdings Ltd (TCEHY)

Tencent Holdings Ltd (TCEHY)


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Tencent Holdings Ltd Profile

Tencent Holdings Ltd is a Chinese multinational technology conglomerate holding company that was founded in 1998. Engages in the provision of value-added services and online advertising services. Tencent has recently shown solid growth in the first quarter of 2021 with good revenue and rising profit. Tencent bounced back strongly from China's late 2018 halt on video game approvals, which caused Tencent's price to fall during that period as well. Yet over time, game approvals eventually restarted, and Tencent's stock went on to new all-time highs.The company’s stock has corrected more than 20% of its 2021 highs. Tencent Holdings Ltd (700) is traded on SEHK (Stock Exchange of Hong Kong Limited).

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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