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Initiates Tencent Music Entertainment Group at Buy With $17.20 Price Target","url":"https://stock-news.laohu8.com/highlight/detail?id=2525862879","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2525862879?lang=en_us&edition=fundamental","pubTime":"2025-04-08 18:26","pubTimestamp":1744107973,"startTime":"0","endTime":"0","summary":"Tencent Music Entertainment Group (TME) has an average rating of buy and mean price target of $16.38, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic 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01:13","pubTimestamp":1742750011,"startTime":"0","endTime":"0","summary":"Tencent Music Entertainment Group recently announced a robust financial performance with annual revenue growing to CNY 28,401 million and net income reaching CNY 6,644 million. These results, coupled with the approval of a new $1,000 million share buyback program, likely bolstered investor confidence, contributing to a 19% price rise over the last quarter. The tech sector's rally, supported by broader market gains after four-week declines, also played a role. Governance changes, including Mr. Wai Yip Tsang joining the board, might have influenced investor sentiment, steering TME stock higher amidst market recovery.Buy, Hold or Sell Tencent Music Entertainment Group?View our complete analysis and fair value estimate and you decide.Over the past three years, Tencent Music Entertainment Group has achieved a total shareholder return of 184.75%, a performance that underscores its significant achievements during this period. This period included transformative steps such as the adoption of a","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/tencent-music-entertainment-group-nyse-171331442.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4565","BK4509","TCMEF","LU0359202008.SGD","LU1023057109.AUD","BK4535","SG9999011746.SGD","BK4548","LU2039709279.SGD","BK4531","BK4552","BK4571","NYSE","BK4563","IE00BYTNYN87.SGD","LU0359201612.USD","01698","IE00BYQNZ168.SGD","BK4526","IE00B12V2V27.USD","TME","BK4108"],"gpt_icon":1},{"id":"2520134640","title":"Why Tencent Music Entertainment Group (TME) Soared On Tuesday?","url":"https://stock-news.laohu8.com/highlight/detail?id=2520134640","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2520134640?lang=en_us&edition=fundamental","pubTime":"2025-03-19 22:02","pubTimestamp":1742392958,"startTime":"0","endTime":"0","summary":"The stock market finished Tuesday’s trading in the red territory anew, erasing two consecutive days of gains, as investors repositioned their portfolios ahead of the Fed rate decision on Wednesday.The Nasdaq registered the biggest drop among Wall Street’s main indices, declining 1.71 percent, followed by the S&P 500 with 1.07 percent, and the Dow Jones by 0.62 percent.Despite the decline, ten companies showed offresilience during the session, finishing with modest gains. In this article, we have named the 10 top performers and detailed the reasons behind their gains.To come up with the list, we only considered the stocks with a $2-billion market capitalization and $5 million in trading volume.Tencent rallied for a fifth consecutive day on Tuesday, adding 15.54 percent to close at $15.09 apiece as investors snapped up shares following a stellar earnings performance coupled with news that it integrated DeepSeek into its operations.Disclosure: None. 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