External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Dear U reported revenue of W22.3bn (in line with the consensus) and operating profit of W8.7bn (below the consensus of W10.3bn).</li><li>Revenue from Tencent Music Entertainment (TME) was not recognized in the quarter; although TME launched the Bubble service within its music streaming app QQ Music on Jun.</li><li>30, related revenue will be recognized one to two months after the end of the quarter, at the time of final settlement. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, Dear U reported revenue of W22.3bn (in line with the consensus) and operating profit of W8.7bn (below the consensus of W10.3bn).Revenue from Tencent Music Entertainment (TME) was not recognized in the quarter; although TME launched the Bubble service within its music streaming app QQ Music on Jun.30, related revenue will be recognized one to two months after the end of the quarter, at the time of final settlement. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dear U (376300 KQ/Buy)Solid Potential Beneath the Surface

DearU

Dear U (376300 KQ/Buy)Solid Potential Beneath the Surface