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Tencent Music Entertainment Group (TME)

NYSE - NYSE Delayed Price. Currency in USD
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15.62-0.19 (-1.20%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close15.81
Open15.87
Bid15.30 x 1800
Ask15.79 x 900
Day's range15.30 - 15.90
52-week range9.22 - 17.97
Volume8,064,797
Avg. volume9,826,533
Market cap26.203B
Beta (5Y monthly)N/A
PE ratio (TTM)48.21
EPS (TTM)0.32
Earnings date11-Aug-2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est18.02
  • Tencent Music’s Stock Won’t Rally Until These 3 Things Happen
    Motley Fool

    Tencent Music’s Stock Won’t Rally Until These 3 Things Happen

    Tencent Music Entertainment (NYSE: TME), the top music streaming company in China, went public in late 2018 and its stock currently trades nearly 20% above its IPO price. Back in June, I explained why investors favored Spotify over Tencent Music: Spotify generated stronger growth in revenue and paid users, operated a simpler business model that didn't rely on live videos, and faced fewer regulatory challenges than Tencent Music. Tencent Music's recent second-quarter earnings report didn't bring back the bulls.

  • WeChat U.S. ban worries to cloud Tencent results as investors seek clarity
    Reuters

    WeChat U.S. ban worries to cloud Tencent results as investors seek clarity

    China's Tencent Holdings <0700.HK> will be under pressure to address concerns on the impact of a U.S. ban on WeChat-related transactions and outline its plans to mitigate any fallout as it reports second-quarter results on Wednesday. The ban, to take effect in September and the latest salvo in a worsening U.S.-China standoff, has cast a shadow over Tencent that aims to eventually get about half its gaming revenue from overseas, versus 23% as of last year. The United States would be key to such a plan as it is the No.2 gaming market after China.

  • Tencent Music revenue jumps 18%, beats estimates, as paid subscribers flock to expanded library
    Reuters

    Tencent Music revenue jumps 18%, beats estimates, as paid subscribers flock to expanded library

    The strong performance comes amid a growing rift between Beijing and Washington that has overshadowed Chinese firms in the United States. Asked whether TME had a plan to deal with a recommendation from President Donald Trump's administration over auditing U.S.-listed Chinese firms, Chief Strategy Officer Tony Yip told analysts in a briefing that it was "premature" to speculate over a potential delisting. Controlled by Chinese tech giant Tencent Holdings Ltd, TME's capitalisation on the New York market is about $26 billion.