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Express News | Morgan Stanley Upgrades Tencent Music Enter Gr to Overweight, Maintains Price Target to $13
Tencent Music Enter Gr Analyst Ratings
Tencent Music Entertainment Group's (NYSE:TME) Three-year Earnings Growth Trails the Respectable Shareholder Returns
Major bank rating | Goldman Sachs: The expectation is that the domestic gaming Industry remains a defensible investment choice.
Goldman Sachs published a report stating that despite macro and policy uncertainties this year, the domestic gaming industry is still expected to be a defensive investment choice. Leading stocks Tencent and NetEase are likely to achieve growth above the industry average by leveraging their strong product pipelines to expand in overseas markets. The firm prefers the music streaming platform Tencent Music, which has a stable market structure and penetration potential, as well as Bilibili, which has growth potential in advertising market share. Among them, the firm expects both Tencent and Tencent Music to achieve stable profit growth, with revenues expected to increase by 8% to 10% and a modest expansion in profit margins. Additionally, Tencent's international gaming growth and e-commerce development, along with Tencent Music's subscriptions and usage...
Hong Kong stocks morning report on January 20: The Securities Regulatory Commission has approved GTJA to absorb and merge HAITONG SEC. This year, there will be a large increase in southbound funds' Shareholding in the three major state-owned Banks.
① The Securities Regulatory Commission has agreed to GTJA's absorption and merger with HAITONG SEC and to raise matching funds. ② Financial Secretary Paul Chan Mo-po will attend the Davos Annual Meeting. ③ This year, southbound funds have significantly increased their Shareholding in the three major state-owned Banks. ④ CITIC SEC's profit in 2024 is nearly 22 billion yuan.
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