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Tencent Music Newsroom
GF Securities: Digital scenarios continue to penetrate combined with technology-driven, Internet plus-related begins to search for new growth points
Internet-related companies are beginning to search for new growth points, different from the past blindly contracting and cost reduction, in the future may invest reasonably, actively embrace new changes. Business models continue to evolve iteratively, go global, and AI.
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