Release date 09-30-2016 Page 1 of 3 Morningstar Analyst Rating Tencent Holdings Ltd ADR TCEHY . Last Price Day Change Open Price Day Range 52-Week Range Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S P/CF $ 27.88 ]0.02 | 0.05 % $ 27.86 27.75-27.90 16.76-28.24 0.22 262.23 bil 1.4 mil 697,285 13.67 12.39 14.13 30.9 Dividends Stock Price 2016-01-01 - 2016-09-30 PINX:TCEHY: 8.25|42.07% Declared Date Ex-Dividend Date Latest Indicated Dividend Amount Projected Yield 30.00 20.00 24/03/2016 18/05/2016 0.06 0.22 % 10.00 2016 Morningstar’s Take Tencent is China's largest Internet service provider based on its two key social networking platforms, Weixin and QQ. Through connecting users with content, services, and hardware,... Fair Value Estimate Consider Buying Consider Selling Fair Value Uncertainty Economic Moat Stewardship Growth Profitability Morningstar Credit Rating $ 28.00 $ 16.80 $ 43.40 High Narrow Standard Z C - Key Stats Price/Earnings TTM Price/Book Price/Sales TTM Rev Growth (3 Yr Avg) Net Income Growth (3 Yr Avg) Operating Margin % TTM Net Margin % TTM ROA TTM ROE TTM Debt/Equity Stock Ind Avg 51 12.4 14.1 32.8 31.3 39.2 27.7 9.4 26.4 0.5 52.9 4.9 6.4 28.9 1.5 16.5 12.1 6.6 9.4 0.1 Recent Dividends & Splits Type Amount 05/18/2016 05/13/2015 05/20/2014 05/14/2014 Cash Dividends Cash Dividends Split Cash Dividends 0.0605 0.0464 5:1 0.0310 Competitors Name Tencent Holdings Ltd ADR Alphabet Inc A Alphabet Inc C Facebook Inc A Tencent Holdings Ltd Naspers Ltd Class N Price % Chg TTM Sales $ mil $27.88 0.05 ] 18,701 $804.06 $777.29 $128.27 $27.90 $173.69 0.18 ] 0.29 ] 0.14 ] -0.05 [ 1.35 ] 81,761 81,761 22,160 18,701 5,930 Relative to Industry Recommendations Current 4.5 Total Analysts: 4 5.0 Buy 3.0 Hold 1.0 Sell Ownership - Avg + Fund Owners Star Rating % Shares Held % Total Assets ROI Global Supercycle Series 7 ROI Global Retirement Series 9 — 0.00 2.30 — 0.00 0.20 Financials Annual Income Statement 2015-12 2014-12 2013-12 Quarterly 2016-06 2015-06 Balance Sheet Cash Flow ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. ® ß Release date 09-30-2016 Page 2 of 3 Morningstar Analyst Rating Tencent Holdings Ltd ADR TCEHY . Last Price Day Change Open Price Day Range 52-Week Range Proj. Yield Market Cap Volume Avg Vol. Forward P/E P/B P/S P/CF $ 27.88 ]0.02 | 0.05 % $ 27.86 27.75-27.90 16.76-28.24 0.22 262.23 bil 1.4 mil 697,285 13.67 12.39 14.13 30.9 Financials Annual Quarterly In millions except "EPS". Currency in CNY. ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. ® ß Release date 09-30-2016 Page 3 of 3 Tencent Holdings Ltd ADR TCEHY Quote Stock Type Last Close 30/09/2016 Fair Value Estimate Morningstar Rating TM 27.88 $ 28.00 QQQ ©2016 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security. Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869. ® ß