Tencent Music Entertainment Group - ADR

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  • uploads///ZoomInfo IPO
    Tech & Comm Services

    ZoomInfo IPO and Its Connection with Zoom Video

    ZoomInfo Technologies went public on June 4. The company followed in Warner Music Group’s footsteps, which went public on June 3.

    By Ruchi Gupta
  • uploads///Warner IPO
    Tech & Comm Services

    Warner Music IPO: Will It Be Successful Like Spotify?

    Warner Music Group went public on June 3. The company went public at $25 per share, which was toward the high end of the target range.

    By Ruchi Gupta
  • uploads///Facebook Gojek
    Tech & Comm Services

    Why Facebook Joined Google and Tencent in Gojek Investment

    Facebook (NASDAQ:FB) has invested in Gojek. The company joined Google and Tencent in one of Southeast Asia’s most promising technology startups.

    By Ruchi Gupta
  • uploads///Tencent stock
    Tech & Comm Services

    Tencent Looks to the Future, Investors Take Notice

    At $55 per share, Tencent has risen 15% in 2020. The stock has pulled up 35% from its pandemic lows in the first quarter.

    By Ruchi Gupta
  • uploads///Chinese tech stocks
    Tech & Comm Services

    3 Chinese Tech Stocks You Can Buy for over 30% Discount

    Some Chinese tech stocks are still available at a discount. At about $100 per share, Baidu stock trades at nearly 42% discount to its 52-week peak.

    By Ruchi Gupta
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    Tech & Comm Services

    Why Tencent Is Buying 10% of Universal Music

    China is seeing a rise in streaming entertainment—from esports to music streaming—and Tencent (TCHEY) is the biggest beneficiary.

    By Shankar Iyer
  • uploads///Market Movers
    Tech & Comm Services

    Technology Market Movers on August 27, 2019

    In today’s look at the market movers in the tech sector, Activision Blizzard (ATVI) rose 5% and CrowdStrike (CRWD) fell 5.4% to close at $84.08.

    By Adam Rogers
  • uploads///tme
    Earnings Report

    TME Is Down as Its Growth Continues to Slow

    Chinese music streaming giant Tencent Music Entertainment (TME) reported its second-quarter earnings results after the closing bell on August 12.

    By Sanmit Amin
  • uploads///TME
    Earnings Report

    TME Stock Slumps More than 7% in After-Hours Trading

    Shares of China’s music streaming giant Tencent Music (TME) were down more than 7.0% after-hours today. But why did they fall after strong earnings results?

    By Adam Rogers
  • uploads///TME
    Tech & Comm Services

    Tencent Music Entertainment Stock Rose in June

    Tencent shares gained over 13.0% in market value last month. The stock rose 3.4% on July 1, which took the returns to 17.3% in 2019.

    By Adam Rogers
  • uploads///TME
    Tech & Comm Services

    Tencent Music Entertainment Slides as China Stocks Trade Lower

    In this series, we have seen that TME stock is set to expand revenue and profit margins going forward. The company’s sales are estimated to rise 36.9% in 2019 and 35.3% in 2020. Its earnings per share are also expected to gain over 35.0% annually in the next five years.

    By Adam Rogers
  • uploads///TME
    Miscellaneous

    How Do Analysts View Tencent Music Entertainment?

    Of the 15 analysts tracking Tencent Music Entertainment (TME) stock, eight have given it “buys,” seven have given it “holds,” and none have given it “sells.” Analysts have a 12-month median target price of $17.7 on the stock, which indicates a potential upside of 17.0%.

    By Adam Rogers
  • uploads///audio bright close up
    Company & Industry Overviews

    Why TME’s Revenue Should Continue to Expand in the Long Run

    Tencent Music Entertainment (TME) has an expanding total addressable market. The music streaming market in China is estimated to grow from $1.14 billion in 2018 to $6.27 billion in 2023, according to iResearch.

    By Adam Rogers
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    Company & Industry Overviews

    What Are Tencent Music Entertainment’s Key Priorities?

    Tencent Music Entertainment managed to increase its subscribers in the double digits across its segments in the first quarter driven by content diversification, partnerships with leading music labels, and the discovery of new and emerging musicians.

    By Adam Rogers
  • uploads///TME
    Miscellaneous

    What’s Affected Tencent Music Entertainment Stock Recently?

    Shares of Tencent Music Entertainment (TME) have risen 14.5% year-to-date. However, the stock has fallen 16.4% since the start of April 2019. In fact, it’s gained 14.3% in market value this month, which means its shares were down nearly 30.0% in April and May.

    By Adam Rogers
  • uploads///TME
    Company & Industry Overviews

    A Look at Tencent’s Robust Revenue Growth

    Tencent Music Entertainment (TME) managed to grow its revenue by 72.0% YoY (year-over-year) to $2.76 billion in 2018. A company’s revenue growth and earnings growth are key drivers of its stock price.

    By Adam Rogers
  • uploads///TME
    Company & Industry Overviews

    Why Tencent Music Entertainment Stock Is Up Over 14.0% This Month

    Tencent Music Entertainment has generated returns of 14.3% in June. Despite its recent rally, it’s fallen 16.4% since April this year. TME is currently trading at $15.13 and is up 14.5% YTD (year-to-date).

    By Adam Rogers
  • uploads///tencent
    Miscellaneous

    Why Tencent Music Entertainment Stock Gained 5.0% on June 10

    Shares of Tencent Music Entertainment (TME) gained 5.0% overnight to close trading at $14.30.

    By Adam Rogers
  • uploads///TME
    Miscellaneous

    Why Tencent Might Be an Attractive Buy at Current Prices

    Tencent Music Entertainment (TME) was listed as an ADR (American Depository Receipt) in December 2018.

    By Adam Rogers
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    Company & Industry Overviews

    Why Netflix Rose Over 6% Today

    Netflix (NFLX) continues to outperform the broader market today. In the first three trading days of 2019, the company’s stock surged about 11.2%.

    By Jitendra Parashar
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