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UBS Remains a Buy on Tencent Music Entertainment Group Class A (1698)

Tipranks - Tipranks - Sat Nov 15, 2025

In a report released on November 13, from UBS maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$101.40. The company’s shares closed yesterday at HK$75.60.

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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$104.56, which is a 38.31% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$83.00 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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