T
12.90
0.02 (0.16%)
Market Trend
| Short Term | Medium Term | ||
| Industry | Internet Content & Information (US) | Bullish | Bullish |
| Internet Content & Information (Global) | Bullish | Bullish | |
| Stock | Tencent Music Entertainment Gro | Bullish | Bullish |
|
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing. |
|
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Investment Style | Large Core |
Ownership
| Name | Date | Shares Held |
|---|---|---|
| Krane Funds Advisors Llc | 31 Mar 2024 | 23,655,602 |
| Aspex Management (Hk) Ltd | 31 Dec 2023 | 9,050,138 |
| 52 Weeks Range |
5.70 - 12.93
|
|
| Price Target Range | ||
| High | 14.00 (Goldman Sachs, 8.53%) | Buy |
| 14.00 (Benchmark, 8.53%) | Buy | |
| Median | 13.00 (0.78%) | |
| Low | 10.40 (HSBC, -19.38%) | Hold |
| Average | 12.52 (-2.93%) | |
| Total | 1 Hold, 1 Outperform, 6 Buy, 1 Overweight | |
| Firm | Date | Target Price | Call | Price @ Call |
|---|---|---|---|---|
| B of A Securities | 20 Mar 2024 | 12.30 (-4.65%) | Buy | 11.69 |
| Benchmark | 20 Mar 2024 | 14.00 (8.53%) | Buy | 11.69 |
| Citigroup | 20 Mar 2024 | 13.00 (0.78%) | Buy | 11.69 |
| Goldman Sachs | 20 Mar 2024 | 14.00 (8.53%) | Buy | 11.69 |
| HSBC | 20 Mar 2024 | 10.40 (-19.38%) | Hold | 11.69 |
| Mizuho | 20 Mar 2024 | 13.00 (0.78%) | Buy | 11.69 |
| Morgan Stanley | 20 Mar 2024 | 13.50 (4.65%) | Overweight | 11.69 |
| CLSA | 05 Feb 2024 | 10.50 (-18.60%) | Outperform | 9.26 |
| Redburn Atlantic | 05 Feb 2024 | 12.00 (-6.98%) | Buy | 9.26 |
No data within this time range.
| Date | Type | Details |
|---|---|---|
| 18 Apr 2024 | Announcement | Tencent Music Entertainment Group Filed 2023 Annual Report on Form 20-F |
| 15 Apr 2024 | Announcement | Tencent Music Entertainment Group to Report First Quarter 2024 Financial Results on May 13, 2024 |
| 22 Mar 2024 | Announcement | Tencent Music Entertainment Group Announces Senior Management Changes |
| 19 Mar 2024 | Announcement | Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results |
| 20 Feb 2024 | Announcement | Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024 |
Portfolio
| Realized Profit | - |
| Unrealized Profit | - |
| Dividend Received 2024 | - |
| Total Profit | - |
| Avg. Return | - |
| Quantity (Buy) | - |
| Avg. Price (Buy) | - |
| Quantity (Sold) | - |
| Avg. Price (Sold) | - |