bearish

Tencent Music

Tencent Music Entertainment(TME.US) 4Q22 Preview: Raise TP for Gradual but Slow Recovery

We estimate that TME's 4Q22 topline/bottom line would be (2.5%)/3.8% vs cons., because of disturbance in its social entertainment and ads business. Reiterate SELL rating but raise TP to US$ 6.7.

Equity Bottom-Up
404 Views, 23 Jan 2023 09:31
SUMMARY(Sign Up to Access)
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
  • Unlimited Research Summaries
  • Personalised Alerts
  • Custom Watchlists
  • Company Data & News
  • Events & Webinars
or
Trusted by:
Bloomberg
Societe Generale
SGX
Sequoia
Interactive Broker
Refinitiv
Already have an account? Sign In Now
Full Insight
(Paid Plans Only)
Discussions
(Paid Plans Only)
WHAT’S TRENDING
Insights
  • Trending
  • Latest
Logo
Top Quartile
Blue Lotus Research Institute
China TMT research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

​​​​​​​​Blue Lotus is a China headquartered research institution covering overseas listed China TMT stocks.

Price Chart(Sign Up to Access)
analytics-chart
  • Tencent Music Entertainment(TME.US) 4Q22 Preview: Raise TP for Gradual but Slow Recovery
    23 Jan 2023
  • TME (TME US) – Making progress into scale optimization
    19 Jan 2023
  • TME (TME US) – Strong earnings beat on improvement in GPM and operating efficiency
    17 Nov 2022
  • TME: Online Music Biz Resumes Growth but Social Entertainment Further Drops
    16 Nov 2022
x