[Brokerage Focus] Barclays'"overweight" rating to Tencent (TCEHY) has no direct legal consequences for being included in the 1260H list by the United States

金吾财讯2025-01-09

Jinwu Financial News | Barclays Development and Research Report, January 6Tencent(TCEHY) is included in the 1260H list (Chinese military company list) by the US Department of Defense, but this has no direct legal impact on US investors. Unlike the NS-CMIC list (non-SDN Chinese military-industrial complex company list) of the US Department of Treasury, US investors need to withdraw their investments within 12 months.

The bank said that Shangtang,SMIC、China Mobile、China Telecom、China UnicomAnd other companies listed on the Hong Kong Stock Exchange. Tencent responded that it was wrong to be included. It was not a military company or supplier. Its business was not affected and it would communicate with the Ministry of National Defense to eliminate misunderstandings. Looking back at history, most companies that were first listed on the Ministry of Defense list would eventually enter the Ministry of Treasury's list, but Xiaomi successfully sued the Ministry of Defense and removed it from its list, and was not listed on the Ministry of Treasury's list. The bank continued that Prosus holds about 25% of Tencent's shares and has two seats on the board of directors. It is listed in the Netherlands, and its major shareholder Naspers is listed in South Africa. At present, Tencent's list does not force Prosus to sell Tencent's shares. At present, Tencent's ADR is $48.11 (January 7th), and Barclays has given it an "overweight" rating with a target price of $66, with a potential increase of 37.2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2502916030?lang=en_US&edition=fundamental","thumbnail":"https://static.szfiu.com/news/20210810/Njk4Yjg3Mzg2Yjg1ZDUyOTMxMTAxNzg2OTE3MjQ4.jpg","is_english":false,"pubTime":"2025-01-09 10:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2502916030","market":"fut","top_or_hot":-1,"title":"[Brokerage Focus] Barclays'\"overweight\" rating to Tencent (TCEHY) has no direct legal consequences for being included in the 1260H list by the United States","media":"金吾财讯","content":"<p><html><body>Jinwu Financial News | Barclays Development and Research Report, January 6<a href=\"https://laohu8.com/S/00700\">Tencent</a>(TCEHY) is included in the 1260H list (Chinese military company list) by the US Department of Defense, but this has no direct legal impact on US investors. Unlike the NS-CMIC list (non-SDN Chinese military-industrial complex company list) of the US Department of Treasury, US investors need to withdraw their investments within 12 months.</p><p>The bank said that Shangtang,<a href=\"https://laohu8.com/S/688981\">SMIC</a>、<a href=\"https://laohu8.com/S/CHL\">China Mobile</a>、<a href=\"https://laohu8.com/S/CHA\">China Telecom</a>、<a href=\"https://laohu8.com/S/600050\">China Unicom</a>And other companies listed on the Hong Kong Stock Exchange. Tencent responded that it was wrong to be included. It was not a military company or supplier. Its business was not affected and it would communicate with the Ministry of National Defense to eliminate misunderstandings. Looking back at history, most companies that were first listed on the Ministry of Defense list would eventually enter the Ministry of Treasury's list, but Xiaomi successfully sued the Ministry of Defense and removed it from its list, and was not listed on the Ministry of Treasury's list. The bank continued that Prosus holds about 25% of Tencent's shares and has two seats on the board of directors. It is listed in the Netherlands, and its major shareholder Naspers is listed in South Africa. At present, Tencent's list does not force Prosus to sell Tencent's shares. At present, Tencent's ADR is $48.11 (January 7th), and Barclays has given it an \"overweight\" rating with a target price of $66, with a potential increase of 37.2%.</p><p></body></html></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Brokerage Focus] Barclays'\"overweight\" rating to Tencent (TCEHY) has no direct legal consequences for being included in the 1260H list by the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Brokerage Focus] Barclays'\"overweight\" rating to Tencent (TCEHY) has no direct legal consequences for being included in the 1260H list by the United States\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086022552\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time smaller\">2025-01-09 10:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>Jinwu Financial News | Barclays Development and Research Report, January 6<a href=\"https://laohu8.com/S/00700\">Tencent</a>(TCEHY) is included in the 1260H list (Chinese military company list) by the US Department of Defense, but this has no direct legal impact on US investors. Unlike the NS-CMIC list (non-SDN Chinese military-industrial complex company list) of the US Department of Treasury, US investors need to withdraw their investments within 12 months.</p><p>The bank said that Shangtang,<a href=\"https://laohu8.com/S/688981\">SMIC</a>、<a href=\"https://laohu8.com/S/CHL\">China Mobile</a>、<a href=\"https://laohu8.com/S/CHA\">China Telecom</a>、<a href=\"https://laohu8.com/S/600050\">China Unicom</a>And other companies listed on the Hong Kong Stock Exchange. Tencent responded that it was wrong to be included. It was not a military company or supplier. Its business was not affected and it would communicate with the Ministry of National Defense to eliminate misunderstandings. Looking back at history, most companies that were first listed on the Ministry of Defense list would eventually enter the Ministry of Treasury's list, but Xiaomi successfully sued the Ministry of Defense and removed it from its list, and was not listed on the Ministry of Treasury's list. The bank continued that Prosus holds about 25% of Tencent's shares and has two seats on the board of directors. It is listed in the Netherlands, and its major shareholder Naspers is listed in South Africa. At present, Tencent's list does not force Prosus to sell Tencent's shares. At present, Tencent's ADR is $48.11 (January 7th), and Barclays has given it an \"overweight\" rating with a target price of $66, with a potential increase of 37.2%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TCEHY","symbol_name":"腾讯控股ADR","start_time":0,"source_url":"284154","article_id":"2502916030","we_media_id":"1086022552","thumbnails":["https://static.szfiu.com/news/20210810/Njk4Yjg3Mzg2Yjg1ZDUyOTMxMTAxNzg2OTE3MjQ4.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502916030","pubTimestamp":1736390246,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"金吾财讯","introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"summary":"金吾财讯 | 巴克莱发研报，1月6日腾讯 被美国国防部列入1260H清单，但这对美国投资者并无直接法律影响，与美国财政部的NS-CMIC清单不同，被列入后者的公司美国投资者需在12个月内撤资。腾讯回应称被列入是错误的，自身并非军事公司或供应商，业务不受影响且会与国防部沟通消除误解。目前腾讯ADR为48.11美元，巴克莱给予其“增持”评级，目标价66美元，潜在涨幅37.2%。","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"translate_title":"[Brokerage Focus] Barclays gave Tencent (TCEHY) an \"overweight\" rating and was included in the 1260H list by the United States without direct legal consequences","themeId":"351463e53cf406fb62bee97b24a573c1","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCEHY":1,"00700":1},"content_text":"金吾财讯 | 巴克莱发研报，1月6日腾讯(TCEHY)被美国国防部列入1260H清单(中国军事公司清单)，但这对美国投资者并无直接法律影响，与美国财政部的NS-CMIC清单(非SDN中国军工复合体公司清单)不同，被列入后者的公司美国投资者需在12个月内撤资。该行表示，同时被列入1260H清单的还有商汤、中芯国际、中国移动、中国电信、中国联通等港交所上市公司。腾讯回应称被列入是错误的，自身并非军事公司或供应商，业务不受影响且会与国防部沟通消除误解。回顾历史，多数先被列入国防部清单的公司最终会进入财政部清单，但小米曾成功起诉国防部并从其清单移除，未被列入财政部清单。该行续指，Prosus持有约25%腾讯股份且在董事会有两个席位，其自身在荷兰上市，其大股东Naspers在南非上市，目前腾讯所处清单情况并未强制Prosus出售腾讯股份。目前腾讯ADR为48.11美元(1月7日)，巴克莱给予其“增持”评级，目标价66美元，潜在涨幅37.2%。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502916030","isCrawlerRequest":true}