Express News | Shares of Companies Within the Broader Communication Services Sector Are Trading Lower Possibly in Sympathy With Overall Market Weakness
Hong Kong Stock Market Update | Tencent Music-SW(01698) rose nearly 4%, Goldman Sachs believes that the net increase in paid users in the second quarter will be about 3.7 million, with strong momentum in the music business.
Tencent Music-SW (01698) rose nearly 4%. As of press time, it increased by 3.90% to HKD 58.60, with a turnover of HKD 3.147 million.
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.
10 Communication Services Stocks With Whale Alerts In Today's Session
