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Tencent Music Newsroom
US stocks closed: 'Big Seven' all defeated, S&P and Nasdaq hit the largest decline in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China Concepts Stock Index dropped 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: The possibility of super micro computer suspension or delisting is increasing.
Tencent Music Entertainment Group (TME): Among the Best Music Stocks to Buy According to Hedge Funds
China's PMIs Show Glimmers of Improvement Ahead of NPC
US stocks closed: Nasdaq rose for the fourth consecutive time to a new high. The seven giants and chip stocks strengthened overall.
①Nasdaq China Golden Dragon Index fell by 1.44%; ②Google's quarterly revenue and EPS both exceeded expectations; ③Musk: It is expected that the number of robots will exceed humans by 2040; ④OpenAI reportedly plans to collaborate with Broadcom and Taiwan Semiconductor to jointly develop self-designed chips.
Communication Services Sector in Focus as Investors Gear up for Alphabet, Meta Earnings
Express News | China Plans to Approve Raising of Fresh 10 Trillion Yuan Debt via Special Treasury, Local Government Bonds in Next Few Years. China Might Announce Stronger Fiscal Package if Trump Wins U.S. Presidential Election.
US stock market closing: China's "Golden Dragon" rose more than 4% leading the large cap, Trump Group skyrocketed 20%.
1. The s&p 500 energy sector fell by 0.65%; 2. Miniso, NIO Inc rose by over 10%; 3. Apple's first batch of AI functions officially launched; 4. Internet-famous brokerage Robinhood enters the usa presidential election gambling.
Wall Street Analysts Believe Tencent Music Entertainment Group (TME) Could Rally 26.83%: Here's Is How to Trade
US stocks closed: The three major indexes collectively fell, with technology stocks generally down and nvidia falling nearly 3%.
①Dow Jones, S&P fell nearly 1%, Nasdaq fell 1.6%; ②Large technology stocks all declined, nvidia fell nearly 3%; ③Tesla's third-quarter adjusted earnings per share exceeded expectations, soaring over 9% after-hours; ④Apple's spring new products exposed, including M4 version of MacBook Air, new iPad Air, and iPhone SE.
3 Reasons Why Growth Investors Shouldn't Overlook Tencent Music Entertainment Group (TME)
Express News | Shares of US-listed Chinese Stocks Are Trading Higher After China's Sept. Retail Sales and Industrial Production Data Beat Estimates
Express News | Ishares MSCI China ETF up 5.4%, Kraneshares CSI China ETF up 6.1%, ishares China Large-Cap ETF up 5%
Express News | Li Auto up 6.7%, JD.com up 4.9%, NIO up 6%, Xpeng up 6.6%
Express News | Alibaba up 3.4%, Bilibili up 7.5%, Tencent Music Entertainment up 4.5%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket on Central Bank Measures to Boost Domestic Market
China's 3Q Growth Print Calls for More Stimulus
Lyon: Lowered tencent music-SW (01698) target price to 62.2 Hong Kong dollars, reiterating the 'outperform' rating.
Key focus areas for the quarter include management's disclosure of the Super VIP (SVIP) program, as well as the net growth trend of paying users.
CICC: First initiate a 'outperform' rating on Netease Cloud Music (09899) with a target price of 165 Hong Kong dollars.
Compared with tencent music (01698), cloud music prioritizes scale over pricing, is in the relatively early stage of user monetization, and has laid a good foundation for converting paid users and expanding profits.
Hong Kong stocks morning report on October 18th: European Central Bank cuts interest rates by 25 basis points, with most popular China concept stocks experiencing declines.
①The European Central Bank announced a 25 basis point rate cut. ②US retail sales data for September exceeded market expectations. ③The three major US stock indexes fluctuated last night, with most popular China concept stocks falling. ④Spot gold, COMEX gold futures both hit historic highs. ⑤Israel confirms Hamas leader Sinwar was killed.
US stocks close: The three major indexes move in different directions, with the Dow Jones continuing to hit new historical highs, and Taiwan Semiconductor surging nearly 10%.
1. Many popular China concept stocks fell, with the Nasdaq China Golden Dragon Index dropping by 3.61%; 2. Meta collaborates with Hollywood's Blumhouse to develop an AI movie generation model; 3. Is "Optimus Prime" a marketing gimmick? Tesla's official release video attempts to respond to doubts; 4. Nvidia hit a new intraday high, but the closing gain narrowed to 0.89%.