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Tencent Music Newsroom
Hong Kong stock market morning report on December 2: Funds have inflowed into U.S. stock funds for four consecutive weeks; electric vehicle companies' sales for November have been released.
①President-elect Trump met with Canadian Prime Minister Trudeau. ②The USA plans to impose tariffs of up to 271% on imported cecep solar energy from four Southeast Asian countries. ③Last Friday, the three major stock indexes in the USA collectively rose, with most china concept stocks trending higher. ④USA stocks fund attracted 12.78 billion US dollars, receiving inflows for the fourth consecutive week. ⑤BYD, XPeng Motors, and NIO released their November sales figures.
U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
TME or TTGT: Which Is the Better Value Stock Right Now?
US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.
① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.
Streaming, Vinyl Propel Music Copyright Value To $45.5 Billion
US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.
① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.
Hong Kong stocks morning report on November 21: The chairman of the Securities and Futures Commission, wu qing, met with the Financial Secretary of Hong Kong, paul chan mo-po. Canvest env received a privatization offer of 10 billion yuan from an A-share c
CSRC Chairman Wu Qing meets with Hong Kong Financial Secretary Paul Chan Mo-po.
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
Hong Kong stocks morning report on November 20: hkbn received a takeover offer from china mobile. goldman sachs recommends continuing to overweight A-shares and listed in hong kong.
1. hkbn received a takeover offer from china mobile. 2. goldman sachs recommends continued overallocation of a shares and h shares. 3. robin zeng said that the main listing in hong kong brings greater liquidity to alibaba stocks. 4. zto express reported a profit of nearly 2.4 billion yuan in the third quarter.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
Top Gap Ups and Downs on Friday: NVO, HSBC, AMAT and More
How do foreign investors adjust their positions in Chinese stocks? Alibaba and jd.com frequently appear, while Buffett builds a position that boosts a Hong Kong stock.
① The 13F quarterly reports for US stocks have been released. How are Wall Street institutions adjusting their positions on Chinese stocks? ② Buffett's investment in domino's is boosting a Hong Kong stock. What are the highlights?
China Data Point to Gradual Improvement, but Tariff Risk Looms
Here's Why Tencent Music Entertainment Group (TME) Is Poised for a Turnaround After Losing -12.04% in 4 Weeks
Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations
[Brokerage Focus] Bocom Intl maintains a buy rating on Tencent Music (01698), expecting a 17% increase in music subscription revenue in the fourth quarter.
Jinwu Financial News | Bocom Intl released a research report indicating that Tencent Music (01698) had a third-quarter revenue of 7 billion yuan (RMB, same below), showing a year-on-year recovery in positive growth. The gross margin was 43%, which is an improvement of 0.6 percentage points compared to the previous quarter. Adjusted net income attributed to the parent company increased by 29% year-on-year, with an adjusted net margin of 26%, remaining basically stable quarter-on-quarter. Music subscription revenue grew by 20% year-on-year, of which: 1) The number of music members increased by 2 million quarter-on-quarter, slightly better than the previous expectations of the institution; 2) The monthly ARPPU was 10.8 yuan, with year-on-year and quarter-on-quarter growth of +5%/1%. The institution estimates that in the fourth quarter, music subscription revenue will grow by 17%, with a net increase of 2 million members.
Hong Kong stocks morning report on November 14: real estate welcomes a large financial and tax package while most china concept stocks declined.
① The USA's CPI in October rose by 2.6% year-on-year, in line with market expectations. ② The three major US stock indexes had mixed results, with most china concept stocks declining. ③ The real estate sector is welcoming a financial and tax boost, with both deed tax and value-added tax decreasing. ④ The newly elected president of the USA, Trump, has nominated several people for important positions. ⑤ The usd hit a one-year high. ⑥ After bitcoin surged past 0.093 million dollars to reach a new high, it subsequently turned downward.
US stocks close: Inflation report eases market concerns, with mixed performances in the three major stock indexes. The Chinese concept stock index fell by 1%.
① Most china concept stocks declined, the nasdaq china golden dragon index fell by 1.09%; ② AMD will cut about 4% of its global workforce; ③ The low-cost aviation spirit airlines is on the verge of bankruptcy; ④ The likelihood of the Federal Reserve cutting interest rates by 25 basis points in the December meeting exceeds 82%.
Express News | Tencent Music Entertainment Group : Bernstein Cuts Target Price to $13 From $14
Bernstein Maintains Tencent Music(TME.US) With Buy Rating, Cuts Target Price to $13