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Is Tencent Music Entertainment Group's (NYSE:TME) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Tune Into Potential Profits With The Sector Pure-Play MUSQ Global Music Industry ETF (MUSQ)
Goldman Sachs expects tencent music-SW (01698) second-quarter subscription revenue to increase by 30% and gives a "buy" rating with a target price of HKD 62.3.
In the second quarter of Tencent Music, subscription revenue growth reached 30% until mid-July, considering the high willingness and retention rate of users paying for subscriptions, it is estimated that net growth of quarterly paid users will be approximately 3.7 million.
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Express News | Ishares China Large Cap ETF Down 1.9%, Kraneshares CSI China Internet ETF Down 3.1%
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