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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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6-K: Report of foreign private issuer (related to financial reporting)
The board of directors of Tencent Music Entertainment Group (01698.HK) will review the performance announcement for the second quarter on August 12th.
Tencent Music-SW (01698.HK) announced on July 12th that the Board of Directors will consider and vote on the unaudited performance and announcement of the three-month and six-month period ending on June 30, 2024 (second quarter performance announcement) on August 12, 2024.