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Tencent Music Entertainment Group Class A (1698) Gets a Buy from Citic Securities

Tipranks - Tipranks - Thu Nov 20, 2025

Citic Securities analyst maintained a Buy rating on Tencent Music Entertainment Group Class A on November 17 and set a price target of HK$99.00. The company’s shares closed yesterday at HK$74.30.

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Tencent Music Entertainment Group Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$102.02, implying a 37.31% upside from current levels. 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.

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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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