Tencent Music Entertainment Group Class A (1698) Gets a Buy from Guotai Haitong
In a report released yesterday, from Guotai Haitong maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$96.00.
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In a report released on November 14, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$83.00 price target.
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
Read More on HK:1698:
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- Tencent Music price target lowered to $25 from $28 at Benchmark
- Strong Financial Performance and Strategic Investments Drive Buy Rating for Tencent Music
- Buy Recommendation for Tencent Music Entertainment Group: Strategic Initiatives and Strong Market Positioning
- Tencent Music selloff on Soda Music concerns unwarranted, says Citi
- Barclays ups Tencent Music target, sees good entry point
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