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|Posté le: Mar 13 Mar - 03:49 (2018) Sujet du message: Their surge - both have gained by a third this year
|Tencent Holdings and Samsung Electronics Co are racing to be crowned Asia's most valuable company as expectations for robust earnings growth push their share prices to record highs.
Their surge - both have gained by a third this year - has made them the world's best performing large cap tech stocks and highlights how these nimble Asian firms are thriving while rivals Apple Inc and Alibaba Group Holding have struggled.
"These companies can grow earnings despite weaker global growth Under Armour Running Shoes Outelt ," said Andrew Gillan, head of Asia ex-Japan equities at fund managing firm Henderson Global Investors, which is overweight on Asian technology firms.
"The operating fundamentals of the Chinese Internet sector particularly have surprised positively in the most recent quarterly results," Gillan noted.
While many investors remain upbeat about Samsung and Tencent, some caution the firms are vulnerable to rapid swings in sentiment on any sign of slowing momentum. Samsung and Tencent have been more volatile than the Asia tech sector and the broader market this year.
On Wednesday Under Armour Shoes Outelt , Samsung said sales of its latest flagship smartphone were outstripping supply, but second-half profits could still take a hit if production shortfalls are not fixed and a recovery in components demand fails to eventuate.
Moody's Investor Service also warned that Samsung's profit margins might narrow in the second half because of seasonal factors in the consumer electronics business and competitive pressures.
For Tencent, the market expectations that are driving shares higher are themselves a risk, according to Nomura.
A faster-than-expected slowdown in personal computer game revenue, aggressive spending and new products or business models from competitors could weigh on earnings Under Armour Mens Shoes Sale , the bank warned.
Samsung and Tencent have added about $30 billion in market value since August 25, surging to all-time highs. Tencent is valued at $249 billion, only 4 percent smaller than the most valuable Asian firm, China Mobile, at $259 billion. Samsung is now worth $239 billion.
Tencent is now the world's 12th biggest company by market value and Samsung the 17th largest one Under Armour Womens Shoes Sale , Thomson Reuters data shows.
That's up from No.26 and No.33 respectively just five months ago, according to a PricewaterhouseCoopers ranking released on March 31.
Samsung shares' have significantly outperformed Apple's - the South Korean firm has leapt 50 percent over the past year, while the US company has gained 3 percent amid concern about weak sales in China.
The gap between Samsung's price-to-earnings ratio of 12.4 and Apple's 12.7 is now the narrowest since late 2011, although Samsung is still worth less than half Apple, according to Thomson Reuters data. Apple is now worth $586 billion.
Samsung's share price growth spurt comes after years of struggle in its smartphone business which left investors impatient for higher returns.
The firm revived mobile profits by restructuring its product lineup this year and is seeking ways to sustain earnings momentum. Buybacks and higher dividends have also boosted shares.
Tencent is significantly more expensive than Samsung. The Chinese Internet firm Under Armour Scorpio Shoes Sale , whose popular WeChat messaging apps in China saw active monthly user numbers jump 34 percent in the second quarter, trades at 46.8 times earnings, closing in on Facebook's 59.
China's slowest economic growth in 25 years and some questionable acquisitions have clouded the outlook for Chinese e-commerce giant Alibaba, but Tencent has managed to thrive thanks in part to its focus on rapidly growing mobile gaming.
Tencent outshone peers including Baidu with a forecast-beating 47 percent jump in second-quarter profit, after it diversified into areas such as music Under Armour Curry Shoes Sale , video and advertising.
HSBC expects further earnings growth, driven by new income streams.
LISBON, June 2 (Xinhua) -- Portuguese President Anibal Cavaco Silva on Monday wished Portugal's national football team "the most successful" match before next week's Brazil World Cup.
"I want to wish you all, players and technical team, the best success in Brazil Under Armour Basketball Shoes Sale , that you will give joy to the Portuguese," Cavaco Silva told the players at Presidential Palace.
"You should not have the smallest doubt that, despite the distance, the Portuguese will be by your side, with enthusiasm Under Armour Running Shoes Sale , joy and with strong hope, and with the conviction that you are giving the best of yourselves in the name of Portugal."
He highlighted that the team would be "ambassadors for Portugal" during the World Cup and handed them a national flag, asking them to take it with them to Brazil.
Portugal were held to a 0-0 draw with Greece on Saturday in a World Cup warm-up at the Estadio Nacional in Lisbon, as they struggled without Cristiano Ronaldo, who picked up an injury during the end of the European Champions League on May 24.
Ronaldo Under Armour Shoes Sale , the world's best football player, was also absent on Monday in the warm-up before the big game, and there are concerns regarding whether Portugal would be able to make it in the World Cup without Ronaldo's presence.
Ronaldo arrived a week to the warm-up, due to Real Madrid's presence in the European Champions League final, and is said to be at his hotel receiving treatment along with players Pepe and Raul Meireles.
The national team leave at 4.15 p.m. Monday to the United States where they will stop off before heading to Brazil on June 11.
Portugal Under Armour Mens Shoes , which is in Group G, will face Mexico on June 6 in Boston and Ireland on June 10.
The World Cup game will start from June 12 in Sao Paulo, Brazil and end in July 13.
By Xinhua writer Zhao Yan
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