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Tencent Music Entertainment Group Class A (1698) Receives a Buy from Northeast Securities

Tipranks - Tipranks - Fri Oct 24, 2025

Northeast Securities analyst maintained a Buy rating on Tencent Music Entertainment Group Class A today and set a price target of HK$111.00. The company’s shares closed today at HK$88.30.

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Currently, the analyst consensus on Tencent Music Entertainment Group Class A is a Strong Buy with an average price target of HK$108.90, which is a 23.33% upside from current levels. In a report released on October 16, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$98.00 price target.

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Based on Tencent Music Entertainment Group Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$8.44 billion and a net profit of HK$2.41 billion. In comparison, last year the company earned a revenue of HK$7.16 billion and had a net profit of HK$1.68 billion

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