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Tencent Music Newsroom
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.
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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?
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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
A Quick Look at Today's Ratings for Tencent Music(TME.US), With a Forecast Between $14 to $16
Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Highlights: Strong Growth in ...
Tencent Music's Postresults Stock Weakness Presents an Opportunity -- Market Talk
Tencent Music (01698) fell by 8.18% after its performance results, as institutions indicated that Q3 Non-IFRS net income was slightly lower than expected.
Jinwu Financial News | tencent music (01698) faced setbacks at the beginning of the day, and as of the time of writing, it dropped 8.18% to 41.55 Hong Kong dollars, with a transaction volume of 1.34 million Hong Kong dollars. It is important to note that the stock fell 5.45% in the US market last night, and as of the time of writing, it has dropped another 1.92% during the night trading session. In terms of news, the company announced its performance for the third quarter of 2024. During the period, the profit attributable to equity holders of the company was 1.583 billion yuan (RMB, same below), an increase of 35.33% year-on-year; the earnings per share for Class A and Class B ordinary shares were 0.51 yuan. During the period, the group's revenue was 7.015 billion yuan, a year-on-year increase of 6.79%.
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Tencent Music Stock Slips After Wall Street Unimpressed With Third Quarter Report
6-K: Report of foreign private issuer (related to financial reporting)
Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts