Tencent Music Entertainment Group's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 80 out of 479 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 19.79.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, 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.
Media Coverage
The current financial score of Tencent Music Entertainment Group is 9.08, ranking 13 out of 479 in the Software & IT Services industry. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 1.25B, representing a year-over-year increase of 21.60%, while its net profit experienced a year-over-year increase of 18.14%.
Key Metrics
The current valuation score of Tencent Music Entertainment Group is 6.10, ranking 380 out of 479 in the Software & IT Services industry. Its current P/E ratio is 9.21, which is 263.84% below the recent high of 33.49 and 0.00% above the recent low of 9.21.
The current earnings forecast score of Tencent Music Entertainment Group is 7.74, ranking 216 out of 479 in the Software & IT Services industry. The average price target is 26.00, with a high of 30.00 and a low of 18.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Tencent Music Entertainment Group is 6.70, ranking 231 out of 479 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 13.51 and the support level at 7.41, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Tencent Music Entertainment Group is 5.00, ranking 226 out of 479 in the Software & IT Services industry. The latest institutional shareholding proportion is 63.98%, representing a quarter-over-quarter decrease of 3.83%. The largest institutional shareholder is The Vanguard, holding a total of 21.33M shares, representing 2.98% of shares outstanding, with 28.47% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Tencent Music Entertainment Group is 6.61, ranking 121 out of 479 in the Software & IT Services industry. The company's beta value is 0.76. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Tencent Music Entertainment Group’s latest ESG disclosure leads the Software & IT Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
