Should You Invest in Tencent Stock in Singapore in 2025?

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At HelloSafe, our expert has been tracking the performance of Tencent for over three years. Every month, hundreds of thousands of users in SG trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment recommendations. In accordance with our ethical charter, we have never been, and will never be, compensated by Tencent.

What is Tencent?

Tencent Stock Price

The price of Tencent stock is declining this week. The current price is HKD 496.80, reflecting a 0.84% drop in the last 24 hours and a recent downward weekly trend. Market capitalization stands at USD 579.31 billion, with an average 3-month trading volume of 23.68 million shares. The stock trades at a P/E ratio of 22.24, and its dividend yield is 0.9%. Tencent’s beta is 0.56, indicating lower volatility than the overall market. Despite current fluctuations, long-term investors may see potential in its growing digital ecosystem and sustained innovation.

Our full analysis of Tencent stock

We have thoroughly reviewed Tencent’s latest financial results and analysed its stock performance over the past three years. Leveraging our proprietary algorithms, we have synthesized a wide range of market data, technical indicators, and competitor comparisons to provide an in-depth perspective. So, why might Tencent stock once again become a strategic entry point into the Asian technology sector in 2025?

Recent performance and market context

Tencent’s stock, currently trading at HKD 496.80, has demonstrated a remarkable rebound over the past year, testing its higher 52-week range after a robust six-month YTD performance of +19.54%. Although the stock registered a minor 0.84% decline intraday and a slight pullback over the week, its longer-term momentum remains impressive. Q1 2025 financials revealed that Tencent outperformed analyst expectations, posting 13% revenue growth and 18% operating profit growth year-on-year—a clear testament to its resilience and operational scale. Renewed investor confidence is further driven by strong fundamental performance in gaming, fintech, and AI, despite recent short-term volatility. This positive environment is further supported by a stabilising Chinese macro backdrop, ongoing regulatory clarity, and surging demand for digital content and innovation across Asia—a vital context for Singapore-based investors seeking exposure to a regional tech powerhouse.

Technical analysis

From a technical perspective, Tencent currently sits at a key support cluster around HKD 493.00–495.00, where buyers historically step in. The major moving averages (MA20, MA50, MA100, MA200) are tightly grouped just above current price levels, indicating a consolidation phase that could soon transition into a new bullish leg. The Relative Strength Index (RSI) at 42.34 reflects a market approaching oversold territory, often a precursor to upward reversals, while a short-term MACD at -2.44 signals a fading momentum that may be bottoming out. Although some short-term “sell” signals are visible, such convergence of support, sustained volume, and historical resilience at these levels often point to accumulating interest from sophisticated traders. This alignment may build a launchpad for the next bullish move as upward catalysts emerge.

Fundamental analysis

Tencent’s fundamentals highlight a technology leader at scale: Q1 2025 revenue reached RMB 180.0 billion (USD 25.1 billion), with non-IFRS operating profit at RMB 69.3 billion (+18% YoY) and net profit at RMB 47.8 billion (+14% YoY). The company maintains a robust operating margin of 39%—a sign of both cost discipline and pricing power. Its price/earnings ratio of 22.24 is highly attractive compared to global technology peers, especially given steady double-digit growth, dividend stability, and an unlevered capital structure. Tencent’s market leadership is entrenched across the world’s largest digital ecosystem, with over 1.4 billion monthly active users on WeChat and industry dominance in gaming, cloud, advertising, and fintech. The group’s successful pivot toward AI, cloud, and advanced fintech demonstrates a strategic agility unmatched by most Asian rivals. This combination of growth, value, and innovation serves to justify renewed investor interest at current valuation multiples.

Volume and liquidity

Average daily trading volume on the HKEX stands at 23.68 million shares, reflecting deep liquidity and persistent institutional interest—key markers of market confidence. With roughly 9.2 billion outstanding shares and significant float, Tencent’s stock is both liquid and resilient, supporting tight spreads and strong capital flow. The broad institutional ownership and constant high turnover favour a dynamic valuation environment, enabling investors to capture both short-term opportunities and long-term upside without liquidity concerns.

Catalysts and positive outlook

• AI and technology innovation: The rollout of “Yuanbao,” AI generative solutions, and deep expansion into the WeChat ecosystem position Tencent at the heart of Asia’s AI surge.
• Domestic and international gaming growth: Flagship games continue to conquer both Chinese and overseas markets, with domestic gaming revenue up by 24% YoY and international gaming by 23% YoY in Q1.
• Cloud and digital infrastructure: Ongoing investments support Tencent’s leadership in China’s rapidly growing cloud/A/V market.
• New monetisation streams: Growth in advertising, video, payments, and mini-programs within WeChat creates powerful, recurring revenue.
• Regulatory tailwinds: Recent clarity from Beijing and a pause in major oversight reforms set the stage for renewed capital inflows.
• Dividends and capital return: An annual dividend increase to HKD 4.50 per share, yielding about 0.9%, sustains Tencent’s appeal among both growth and income investors.
• Sustainability and ESG: Strengthening of ESG frameworks, green initiatives, and digital inclusion can attract new global investor segments.

These trends are reinforced by broader upward forces: the reacceleration of Chinese consumer spending, supportive monetary policy, and strong tech adoption across Asia.

Investment strategies

• Short term: Tactical entries near the strong HKD 493-495 support zone could catch a technical rebound, especially if accompanied by an uptick in volume or technical reversal signals.
• Medium term: Accumulating on periods of volatility allows investors to participate in anticipated catalysts—major new AI or gaming launches, quarterly reports, or sector-wide rerating.
• Long term: For those seeking blue-chip tech exposure, Tencent’s diversified ecosystem, profitable cashflows, and persistent global expansion make it a cornerstone holding in any Asia-focused or technology-weighted portfolio. Dollar-cost averaging on further consolidations may be especially rewarding as fundamentals and market sentiment align.

Is it the right time to buy Tencent?

Summing up, Tencent boasts a rare combination of deep value, recurring growth, and scalable innovation. Its latest quarterly results showcase powerful operational momentum and commercial resilience, buttressed by a best-in-class digital ecosystem and transformative investments in AI and cloud technology. Attractive valuation metrics, expanding shareholder returns, and a pivoting regulatory environment only strengthen the conviction that Tencent may be entering a new bullish phase. The evidence from both technical and fundamental perspectives supports the view that the stock merits close attention as an excellent opportunity for Singapore-based investors seeking high-quality Asia tech exposure.

Tencent combines world-class fundamentals with a compelling technical and macro setup, underlining its renewed appeal at current levels. The timing seems highly favourable for those looking to ride Asia’s next digital growth wave—making Tencent stock one to seriously consider for a new investment horizon.

How to Buy Tencent Stock in Singapore

Buying Tencent stock online is straightforward and secure with a regulated broker in Singapore. Investors can choose between two main methods: purchasing actual shares (spot buying) for long-term investment, or trading Contracts for Difference (CFDs) for more flexible, leveraged positions. Both approaches offer easy access via user-friendly platforms, with robust protections on regulated markets. For readers interested in comparing brokers for the best conditions and fees, a full comparison table is available further down the page.

Spot buying

Cash purchase of Tencent stock simply means buying real shares on an exchange via your broker. You become a direct shareholder, benefiting from long-term appreciation and possible dividends. Fees are usually charged as a fixed commission per order, typically between SGD 5 and SGD 15 for Singapore brokers.

Example of a gain scenario

If the Tencent share price is SGD 87 (approximate conversion from HKD), you can buy around 11 shares with a SGD 1,000 stake, including a brokerage fee of around SGD 5.
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth SGD 1,100.
Result: +SGD 100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on Tencent shares allows you to speculate on price movements without owning the actual shares. You benefit from leverage, meaning a small investment gives larger exposure, but also higher risk. The main costs are the spread (difference between buy and sell price) and overnight financing if you hold your position for more than a day.

Example of a CFD position with leverage

You open a CFD position on Tencent shares, with 5x leverage.
This gives you a market exposure of SGD 5,000 for a SGD 1,000 deposit.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +SGD 400 gain, on a bet of SGD 1,000 (excluding fees).

Final advice

Before investing, always compare the fees and features of different brokers to find what suits your needs best. The right method—spot buying or CFD trading—depends on your investment goals, risk appetite, and time horizon. Explore our broker comparison further down this page to make an informed, confident choice.

Our 7 tips for buying Tencent stock

The latest news about Tencent

Singapore regulators maintain open access to Tencent shares via regional brokers. Most MAS-regulated platforms in Singapore continue to offer seamless access to Tencent shares on the Hong Kong Stock Exchange, with recent reporting confirming robust demand from institutional as well as retail investors in the local market over the past week. The transparency and security provided by regulated access remain highly valued by Singapore investors.

Tencent’s Q1 2025 results exceeded analyst expectations, bolstering investor confidence in Asia. Tencent reported Q1 2025 revenue of USD 25.1 billion (+13% YoY) and net profit growth of 14%. Operating margin improved to 39%, supporting a perception of strong operational resilience. This upbeat news has resonated in Singapore’s investor community, reinforcing the stock’s credibility as a regional technology leader.

International gaming revenue growth strengthens Tencent’s APAC footprint. Tencent’s international gaming revenues grew 23% YoY last quarter, aided by popular new releases and continued player engagement. The rise in global digital entertainment helps boost the company’s brand and relevance in Southeast Asia, including among Singaporean consumers and investors.

Tencent’s AI-driven initiatives in WeChat and advertising attract attention from Southeast Asian tech analysts. New launches like the Yuanbao AI assistant and the integration of advanced generative AI into WeChat and Tencent’s ad network have been repeatedly cited as major innovation drivers. This progress reinforces expectations for further expansion in digital services and cloud platforms highly relevant to Singapore’s tech-savvy environment.

Tencent’s stock remains actively traded among regional investors due to its large float and market capitalisation. The company’s current market cap exceeds USD 579 billion and the average daily trading volume remains high. This consistent liquidity and institutional ownership make Tencent one of the preferred choices for dynamic portfolio allocation in Singapore, demonstrating sustained institutional and retail interest in the region.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.