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Tencent Music

7.87

-0.0200-0.25%

Volume:2.09M

Turnover:16.37M

Market Cap:12.39B

PE:9.34

High:7.90

Open:7.80

Low:7.77

Close:7.89

52wk High:26.70

52wk Low:7.77

Shares:1.57B

Float Shares:652.33M

Volume Ratio:0.89

T/O Rate:0.32%

Dividend:0.24

Dividend Rate:3.10%

EPS(TTM):0.8428

EPS(LYR):1.02

ROE:10.97%

ROA:5.60%

PB:1.06

PE(LYR):7.73

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Overview Company News Filings

Nomura Downgrades Tencent Music Entertainment to Neutral From Buy, Adjusts PT to $10 From $12.50

MT Newswires Live

Tencent Music's Margin Outlook Likely to Remain Resilient

TME-SW Shares Climb Nearly 3% on 26Q2 Adjusted Net Profit of 2.78 Billion Yuan; Ximalaya Consolidation Adds to Growth

Asian Equities Traded in the US as American Depositary Receipts Marginally Higher in Thursday Trading

MT Newswires Live

Barclays Remains a Buy on Tencent Music Entertainment Group (TME)

July Black Cat Complaints List: Kugou Auto-Debit for Over Six Months Without Notice in Streaming Sector

Tencent Music Entertainment Group (TME) Shares Dropped, What Is Driving Attention Now?

Simply Wall St.

Tencent Music Entertainment Group Class A (1698) Receives a Buy from Citi

Tencent Music Ent Price Target Announced at $9.30/Share by China Renaissance

China Merchants Downgrades Tencent Music Entertainment to Hold From Buy, Adjusts PT to $9.50 From $11.50

MT Newswires Live

Tencent Music Entertainment Group : Mizuho Cuts Target Price to $15 from $18

THOMSON REUTERS

US Storage Chip Stocks Rise Pre-Market, SanDisk Up Over 4%; Hong Kong Tech Stocks Mostly Close Lower, Tencent Music Down Over 12%

Tencent Music Shares Drop After Brokers Cut Price as Outlook Softens

Tencent Music Publishes Transcript of Q2 2026 Earnings Conference Call

Tencent Music Entertainment's Outlook Appears Softer

Hong Kong Stock Earnings Highlights: China Tower's First-Half Net Profit Surges 30.1% to 7.489 Billion Yuan; Tencent Music's Q2 Adjusted Net Profit Rises 4.4%

Hong Kong Shares of Tencent Music Set to Open Down 11.4%

THOMSON REUTERS

Why Is Tencent Music Stock Sinking Tuesday?

Benzinga Earnings

Overnight sell-off hits US-listed Chinese stocks as Tencent Music plunges over 13%

Asian Equities Traded in the US as American Depositary Receipts Edge Lower in Tuesday Trading

MT Newswires Live

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economic","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TME","EDZ","IEMG"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659114702","title":"Tencent Music's Margin Outlook Likely to Remain Resilient","url":"https://stock-news.laohu8.com/highlight/detail?id=2659114702","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659114702?lang=en_us&edition=fundamental","pubTime":"2026-08-14 16:41","pubTimestamp":1786696860,"startTime":"0","endTime":"0","summary":"0841 GMT - Tencent Music Entertainment's margin outlook remains resilient despite higher investment for recently acquired audio platform Ximalaya, says UOB Kay Hian's Julia Pan in a note. The platform adds scale and broadens Tencent Music's audio ecosystem. Contributions from Ximalaya should boost gross margins slightly, she says. However, she also flagged that the Chinese online-music company is likely to spend more on marketing for its new platform, which could drive up sales and operating expenses and slightly weigh on net profit margin for 2026. UOB KH raises its target price for Tencent Music to 53.00 Hong Kong dollars from HK$50.00 and retains a buy rating. 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On the news front, on August 11, Tencent Music released its unaudited financial...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1128","LU1920063259.USD","BK4535","BK4548","LU0048578792.EUR","LU2242646821.SGD","LU0048575426.USD","LU2242646235.USD","BK4136","IE00B12V2V27.USD","LU1430597077.USD","BK4509","LU0359202008.SGD","LU1989763427.SGD","LU2380233275.USD","LU2401740654.USD","LU0828238088.HKD","LU0385154629.USD","LU0997587240.USD","LU2041044095.USD","LU2298321311.HKD","LU0251143458.SGD","BK4108","LU1803068623.USD","IE00B3T34201.USD","LU2360106947.USD","SG9999011746.SGD","LU0456842615.SGD","LU0471298777.SGD","LU0612318385.USD","BK4526","LU1892829315.USD","VXUS","BK4531","LU0997586606.USD","LU1863844749.USD","LU0269904917.USD","LU1989763690.USD","BK4571","IE00BYQNZ168.SGD","LU0359201612.USD","KCAI","LU1023057109.AUD","XIMA","LU0261950470.USD","LU0509642566.USD","GB00BDT5M118.USD","LU0550127509.SGD","LU0654597011.USD","TME","01698","BK4588","IE0032431581.USD","LU1015430645.USD","LU2039709279.SGD","LU2092937221.SGD","LU0612318971.USD","BK4565","SG9999001093.SGD","LU0471298694.HKD","SW","BK4552","IE00BYTNYN87.SGD","LU1863844665.USD","BK4585","LU1920062954.HKD","LU2360108059.USD","LU1119994140.HKD","BK4563","LU2242652126.USD","CUT","90075","LU0575583348.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659163482","title":"Asian Equities Traded in the US as American Depositary Receipts Marginally Higher in Thursday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2659163482","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659163482?lang=en_us&edition=fundamental","pubTime":"2026-08-13 22:44","pubTimestamp":1786632285,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts were marginally higher Thursday morning, edging up 0.03% to 3,022.75 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company Four Seasons Education  and music streaming service Tencent Music Entertainment Group , which advanced 13% and 2.9%, respectively. They were followed by tech company Xunlei  and biopharmaceutical company Zai Lab , which rose 2.7% and 2.6%, respectively.The decliners from North Asia were led by automotive marketplace Token Cat  and online retailer JD.com , which dropped 7.7% and 5.2%, respectively. They were followed by real estate management and digital security company Eason Technology  and media company Phoenix New Media , which lost 2.8% and 2.7%, respectively.From South Asia, the gainers were led by computer hardware maker Canaan  and telecommunications operator Telekomunikasi Indonesia , which increased 2.5% and 0.6%, respectively. They were followed by IT firm Wi","market":"nz","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://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4551","LU0048573645.USD","LU0264606111.USD","BK4504","LU0143863198.USD","BK4552","LU1242518857.USD","BK4558","LU1102505929.USD","BK4596","LU2125910849.SGD","LU2177674079.SGD","TME","LU0588546209.SGD","LU1102505762.USD","LU1267930656.SGD","LU1805238398.USD","FDNI","LU0072462343.USD","LU0269904917.USD","BK4532","SE","LU1880383366.USD","SG9999011746.SGD","BK4115","LU0828237940.HKD","SG9999005177.SGD","LU0541502299.USD","LU1481012133.USD","BK4220","LU1868837565.USD","LU0066902890.USD","09618","BK4077","LU0261945553.USD","HK0000320223.HKD","LU1770036033.HKD","SG9999002604.SGD","IE00BYTNYM70.SGD","KJD","LU0244354667.USD","LU2065171402.SGD","ZLAB","HK0000306701.USD","RDY","BK4524","SG9999001135.SGD","LU0175139822.USD","LU0048597586.USD","BK4506","LU0456842615.SGD","LU2065169927.USD","BK4009","LU2065170008.USD","BK4585","DXF","BK4600","BK4122","BK4554","LU0210637038.USD","SG9999014484.SGD","LU0181495838.USD","TC","IE00B7N09G41.SGD","CAN","FEDU","BK4563","EDOG","LU0231203729.USD","LU0532188223.SGD","LU0251143029.SGD","HK0000320264.USD","IE00BYQNZ168.SGD","LU0326950275.SGD","SG9999002414.USD","LU0251143458.SGD","IE00B12V2V27.USD","LU0345776255.USD","SG9999013486.USD","BK4571","LU2360107671.USD","XNET","LU0251144936.SGD","BK4566","LU0048575426.USD","IE00B0JY6M65.USD","LU0708995666.HKD","SG9999002620.SGD","LU2543165471.USD","BK4509","LU0463099449.HKD","SG9999002406.SGD","SG9999004220.SGD","BK4548","BK4557","LU0823038988.USD","IE0001KFT4U8.USD","LU2065171311.SGD","SG9999002679.SGD","BK4134","LU0106959298.USD","IE0034224299.USD","LU0979878070.USD","LU2045819591.USD","LU0164881194.USD","LU0536402901.SGD","LU2125910500.SGD","LU0509642566.USD","BK4565","LU1861220207.SGD","SG9999006266.SGD","LU0516422366.SGD","LU0287143357.SGD","LU1242518931.SGD","BK4505","09688","LU0307460666.USD","BK4579","BK4170","BK4523","IE00BD6J9T35.USD","LU1048596156.SGD","LU0737861269.HKD","BK4164","LU0499858438.USD","LU1839390173.USD","LU0345775950.USD","JD","SG9999002463.SGD","IE0031814969.USD","LU0261950470.USD","BK4526","SG9999014492.USD","LU1868838027.USD","WIT","BK4503","BK4007","LU0531971678.HKD","LU1868837722.USD","BK4139","LU1023057109.AUD","LU2039709279.SGD","LU0248272758.USD","LU0516423091.SGD","IE00BYTNYN87.SGD","LU0572940350.SGD","LU0499858602.USD","TLK","IE00BGV7N243.SGD","LU0261947096.USD","BK4531","LU0307460401.USD","LU0441851309.USD","01698","LU0821914370.USD","LU2008162690.USD","LU0589944569.HKD","BK4588","HK0000306685.HKD","LU0264410563.USD","LU1048588211.SGD","SG9999013478.USD","LU0828238088.HKD","SGXZ58947870.SGD","LU0823039010.USD","BK4085","LU2488822045.USD","LU0348744763.USD","LU0197229882.USD","LU1188198961.HKD","BK4204","LU0516422440.USD","LU1688375341.USD","BK4108","LU0541501648.USD","BK4023","LU2238330802.EUR","LU0359202008.SGD","IE0008368742.USD","BK4535","BK4595","LU0359201612.USD","IBN","BK4207","BK4614","FENG","LU0289960550.SGD","LU0348788117.USD","LU0516422952.EUR","BK4581","LU0143863784.USD","LU2152927971.USD","SG9999013460.SGD","LU1861217088.USD","SG9999004360.SGD","LU0572939691.SGD","LU0516423174.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659168224","title":"Barclays Remains a Buy on Tencent Music Entertainment Group (TME)","url":"https://stock-news.laohu8.com/highlight/detail?id=2659168224","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659168224?lang=en_us&edition=fundamental","pubTime":"2026-08-13 22:15","pubTimestamp":1786630544,"startTime":"0","endTime":"0","summary":"In a report released today, Jiong Shao from Barclays maintained a Buy rating on Tencent Music Entertainment Group, with a price target of $20.00. A...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/barclays-remains-a-buy-on-tencent-music-entertainment-group-tme-blurbs-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/barclays-remains-a-buy-on-tencent-music-entertainment-group-tme-blurbs-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4581","BK4550","BK4588","BK4531","LU0828238088.HKD","LU1023057109.AUD","LU0269904917.USD","LU0456842615.SGD","BK4585","BK4504","BK4565","IE00B12V2V27.USD","SG9999011746.SGD","BK4571","TCHmain","01698","IE00BYQNZ168.SGD","LU0359201612.USD","LU0359202008.SGD","BK4548","TME","IEMG","BK4563","EDZ","BK4108","LU2039709279.SGD","BK4535","IE00BYTNYN87.SGD","BK4552","TCMEF","BK4509","BK4526","LU0509642566.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1107823226","title":"July Black Cat Complaints List: Kugou Auto-Debit for Over Six Months Without Notice in Streaming Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=1107823226","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1107823226?lang=en_us&edition=fundamental","pubTime":"2026-08-13 15:10","pubTimestamp":1786605032,"startTime":"0","endTime":"0","summary":"Black Cat Complaints released its July corporate complaint handling rankings, with data sourced from the platform itself. As of end of July 2026, the platform had accumulated over 37.48 million valid...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4108","BK4563","IE00BYQNZ168.SGD","LU0269904917.USD","LU0359201612.USD","LU1023057109.AUD","IE00BYTNYN87.SGD","BK4552","LU0509642566.USD","BK4509","LU2039709279.SGD","TME","LU0359202008.SGD","BK4535","BK4531","BK4526","BK4548","01698","BK4565","LU0456842615.SGD","IE00B12V2V27.USD","LU0828238088.HKD","SG9999011746.SGD","BK4571"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659133667","title":"Tencent Music Entertainment Group (TME) Shares Dropped, What Is Driving Attention Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2659133667","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659133667?lang=en_us&edition=fundamental","pubTime":"2026-08-13 12:57","pubTimestamp":1786597046,"startTime":"0","endTime":"0","summary":"Tencent Music Entertainment Group (TME) is back in focus after its latest quarterly earnings update, which combined a revenue increase, softer profit per ADS versus forecasts, and fresh attention on the Ximalaya acquisition and wider audio ecosystem.\nSee our latest analysis for Tencent Music Entertainment Group.\nTencent Music Entertainment Group’s latest results and the completed US$400 million buyback came against a weaker trading backdrop, with the share price down 11.23% over the last week...","market":"hk","thumbnail":"https://images.simplywall.st/asset/industry/4313000-choice2-main-header/1585186808281","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/4313000-choice2-main-header/1585186808281"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/media/nyse-tme/tencent-music-entertainment-group/news/tencent-music-entertainment-group-tme-shares-dropped-what-is","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/media/nyse-tme/tencent-music-entertainment-group/news/tencent-music-entertainment-group-tme-shares-dropped-what-is","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK7095","01698","BK4526","BK4535","BK4509","BK4588","LU1023057109.AUD","LU0509642566.USD","IEMG","SG9999011746.SGD","IE00BYTNYN87.SGD","LU2039709279.SGD","IE00BYQNZ168.SGD","TCMEF","BK4565","LU0456842615.SGD","LU0359202008.SGD","BK4550","BK4571","TME.AU","BK4563","TME","BK4548","LU0269904917.USD","EDZ","BK4504","BK4581","IE00B12V2V27.USD","BK4552","BK4108","LU0359201612.USD","LU0828238088.HKD","BK4585","BK4531"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659184906","title":"Tencent Music Entertainment Group Class A (1698) Receives a Buy from Citi","url":"https://stock-news.laohu8.com/highlight/detail?id=2659184906","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659184906?lang=en_us&edition=fundamental","pubTime":"2026-08-13 08:26","pubTimestamp":1786580786,"startTime":"0","endTime":"0","summary":"In a report released yesterday, from Citi maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$44.46. Th...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/tencent-music-entertainment-group-class-a-1698-receives-a-buy-from-citi-blurbs-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/tencent-music-entertainment-group-class-a-1698-receives-a-buy-from-citi-blurbs-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4552","LU2039709279.SGD","BK4581","LU1023057109.AUD","IE00B12V2V27.USD","BK4563","BK4548","LU0509642566.USD","SG9999011746.SGD","IE00BYQNZ168.SGD","BK4108","BK4504","BK4565","BK4571","TCHmain","BK4588","LU0828238088.HKD","TME","EDZ","BK4550","IEMG","TCMEF","01698","LU0359202008.SGD","LU0456842615.SGD","LU0269904917.USD","BK4509","BK4531","BK4585","IE00BYTNYN87.SGD","BK4526","LU0359201612.USD","BK4535"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2659097949","title":"Tencent Music Ent Price Target Announced at $9.30/Share by China Renaissance","url":"https://stock-news.laohu8.com/highlight/detail?id=2659097949","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2659097949?lang=en_us&edition=fundamental","pubTime":"2026-08-13 00:17","pubTimestamp":1786551420,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/TME/analyst-ratings","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IEMG","EDZ","TME"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2658748299","title":"China Merchants Downgrades Tencent Music Entertainment to Hold From Buy, Adjusts PT to $9.50 From $11.50","url":"https://stock-news.laohu8.com/highlight/detail?id=2658748299","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658748299?lang=en_us&edition=fundamental","pubTime":"2026-08-12 19:24","pubTimestamp":1786533853,"startTime":"0","endTime":"0","summary":"Tencent Music Entertainment Group (TME) has an average rating of overweight and mean price target of $13.28, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TME","EDZ","IEMG"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2658791549","title":"Tencent Music Entertainment Group : Mizuho Cuts Target Price to $15 from $18","url":"https://stock-news.laohu8.com/highlight/detail?id=2658791549","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658791549?lang=en_us&edition=fundamental","pubTime":"2026-08-12 18:47","pubTimestamp":1786531646,"startTime":"0","endTime":"0","summary":null,"market":"fut","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://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260812:nFWN4490DH:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU0359201612.USD","BK4535","BK4531","LU2039709279.SGD","01698","LU0509642566.USD","LU1023057109.AUD","BK4565","BK4526","TME","LU0269904917.USD","IE0032431581.USD","LU0048575426.USD","BK4108","BK4509","IE00BYQNZ168.SGD","LU0456842615.SGD","SG9999011746.SGD","IE00BYTNYN87.SGD","LU0828238088.HKD","BK4548","BK4571","LU0261950470.USD","LU0359202008.SGD","BK4552","LU0251143458.SGD","BK4563","SG9999001093.SGD","IE00B12V2V27.USD","BK1128"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1135382600","title":"US Storage Chip Stocks Rise Pre-Market, SanDisk Up Over 4%; 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Music Shares Drop After Brokers Cut Price as Outlook Softens","url":"https://stock-news.laohu8.com/highlight/detail?id=2658288319","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658288319?lang=en_us&edition=fundamental","pubTime":"2026-08-12 11:05","pubTimestamp":1786503940,"startTime":"0","endTime":"0","summary":"BUZZ-Tencent Music shares drop after brokers cut price as outlook softens** Tencent Music Entertainment's1698.HKHong Kong shares drop 14.1% to HK$33.14, the lowest level since June 30** Stock set for biggest one-day pct decline since March 18, snapping two straight rising sessions** Top pct loser on Hang Seng TECH Index.HSTECH, which slips 1.1%** U.S.-listed stockTME.Nplunged 11.9% on Tuesday** Citi  lowers TP to $11.40 from $13, saying business integration process is expected to weigh on near-term growth initiatives and result in margin pressure** Despite 2Q26 print coming in slightly ahead of expectation, 3Q26/FY26 outlook softens reflecting ongoing pressure in core membership revs and decelerating growth of ad revenues - Citi** Jefferies  lowers PT to $13 from $14, factoring in latest business trends** Chinese online music and audio entertainment platformquarterly adjusted earningsof 1.70 yuan/shr vs 1.66 yuan a year ago,beat market estimates** Revenue up 5.8% y/y,beating analyst ex","market":"nz","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://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260812:nL1N44901P:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0048575426.USD","01698","LU0261950470.USD","SG9999001093.SGD","BK1128","IE0032431581.USD","LU0251143458.SGD","TME"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2658404989","title":"Tencent Music Publishes Transcript of Q2 2026 Earnings Conference Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2658404989","media":"Reuters","labels":["conferences"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658404989?lang=en_us&edition=fundamental","pubTime":"2026-08-12 10:47","pubTimestamp":1786502830,"startTime":"0","endTime":"0","summary":"Tencent Music publishes transcript of Q2 2026 earnings conference callTencent Music held its 2Q26 earnings call with Executive Chairman Cussion Pang, CEO Ross Liang, CFO Shirley Hu, IR head Millicent ","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://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260812:nNDL87xMn4:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"conferences","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4108","BK4563","IE00BYQNZ168.SGD","LU0269904917.USD","LU0359201612.USD","LU1023057109.AUD","IE00BYTNYN87.SGD","BK4552","LU0509642566.USD","BK4509","LU2039709279.SGD","TME","LU0359202008.SGD","BK4535","BK4531","BK4526","BK4548","01698","BK4565","LU0456842615.SGD","IE00B12V2V27.USD","LU0828238088.HKD","SG9999011746.SGD","BK4571"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2658940825","title":"Tencent Music Entertainment's Outlook Appears Softer","url":"https://stock-news.laohu8.com/highlight/detail?id=2658940825","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2658940825?lang=en_us&edition=fundamental","pubTime":"2026-08-12 10:15","pubTimestamp":1786500900,"startTime":"0","endTime":"0","summary":"0215 GMT - Tencent Music Entertainment's 3Q and full-year outlook appears softer amid ongoing pressure in core membership revenue and decelerating advertising revenue growth, say Citi analysts in a note. This is despite the company's 2Q results coming in slightly ahead of expectations, aided by the acquisition of online audio platform Ximalaya, they say. However, the Ximalaya integration process is likely to drag down net profit growth and weigh on margins, they say. Citi cuts its 2026-2028 revenue estimates by 2.0%-3.4% and adjusted net profit forecasts by 4.8%-8.8%. The bank trims its ADR target price to US$11.40 from US$13.00 but retains a buy rating. ADRs last closed 12% lower at US$8.72. 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