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Tencent Music Entertainment Group

TME
View Detailed Chart
22.495USD
-0.655-2.83%
Market hours ETQuotes delayed by 15 min
16.12BMarket Cap
1.57P/E TTM

Tencent Music Entertainment Group

22.495
-0.655-2.83%
Intraday
1m
30m
1h
D
W
M
D

Today

-2.83%

5 Days

-5.12%

1 Month

-1.77%

6 Months

+57.20%

Year to Date

+98.19%

1 Year

+102.29%

View Detailed Chart

Key Insights

The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Tencent Music Entertainment Group's Score

Industry at a Glance

Industry Ranking
42 / 485
Overall Ranking
106 / 4617
Industry
Software & IT Services

Support & Resistance

No Data

Score Analysis

Current score
Previous score

Analyst Rating

Based on 31 analysts
Buy
Current Rating
27.490
Target Price
+23.16%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Tencent Music Entertainment Group Highlights

StrengthsRisks
Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 3.93B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 22.70%.
Overvalued
The company’s latest PE is 27.12, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 476.97M shares, decreasing 21.27% quarter-over-quarter.
Held by Bruce Richards
Star Investor Bruce Richards holds 2.86M shares of this stock.

Financial Indicators

EPS

No Data

Total revenue

No Data

Tencent Music Entertainment Group Info

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio.
Ticker SymbolTME
CompanyTencent Music Entertainment Group
CEOMr. Zhu Liang
Websitehttps://www.tencentmusic.com/
KeyAI