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Tencent Music Entertainment Group (TME)

5.07   0.01 (0.2%) 06-29 17:24
Open: 5.01 Pre. Close: 5.06
High: 5.165 Low: 4.98
Volume: 15,375,274 Market Cap: 8,594(M)
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 5.17 - 5.19 5.19 - 5.21
Low: 4.93 - 4.95 4.95 - 4.97
Close: 5.03 - 5.07 5.07 - 5.1

Technical analysis

as of: 2022-06-29 4:58:03 PM
Overall:       
Stoxline posted a NEUTRAL today, downgraded from higher rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 6.28     One year: 7.33
Support: Support1: 4.36    Support2: 3.74
Resistance: Resistance1: 5.38    Resistance2: 6.28
Pivot: 4.65
Moving Average: MA(5): 4.93     MA(20): 4.57
MA(100): 4.65     MA(250): 6.69
MACD: MACD(12,26): 0.2     Signal(9): 0.1
Stochastic oscillator: %K(14,3): 73.7     %D(3): 79.7
RSI: RSI(14): 65.5
52-week: High: 13.32  Low: 2.95
Average Vol(K): 3-Month: 16,456 (K)  10-Days: 17,923 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ TME ] has closed below upper band by 7.2%. Bollinger Bands are 27.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Wed, 29 Jun 2022
In vivo multidimensional CRISPR screens identify Lgals2 as an immunotherapy target in triple-negative breast cancer - Science

Wed, 29 Jun 2022
Noxxon Provides Results of Its 2022 Annual General Meeting of Shareholders - Yahoo Finance

Wed, 29 Jun 2022
Should You Buy Tencent Music Entertainment Group - ADR (TME) Stock Wednesday Morning? - InvestorsObserver

Wed, 29 Jun 2022
Lazard Ltd. (LAZ) Appoints Slava Brin as Managing Director in the Telecom, Media & Entertainment Group (TME) - StreetInsider.com

Wed, 29 Jun 2022
If EPS Growth Is Important To You, Termoexpert SpĆ³lka Akcyjna (WSE:TME) Presents An Opportunity - Simply Wall St

Thu, 23 Jun 2022
Premarket Mover: Tencent Music Entertainment Group - ADR (TME) Up 2.90% - InvestorsObserver

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Communication Services
Industry:  Internet Content & Information
Shares Out. 1,690 (M)
Shares Float 686 (M)
% Held by Insiders 5.6 (%)
% Held by Institutions 53.6 (%)
Shares Short 39,940 (K)
Shares Short P.Month 37,530 (K)

Stock Financials

EPS 0.34
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 30.21
Profit Margin (%) 9.6
Operating Margin (%) 10
Return on Assets (ttm) 2.9
Return on Equity (ttm) 6.1
Qtrly Rev. Growth -8.7
Gross Profit (p.s.) 5.56
Sales Per Share 18.48
EBITDA (p.s.) 2.3
Qtrly Earnings Growth -56.1
Operating Cash Flow 5,240 (M)
Levered Free Cash Flow 1,040 (M)

Stock Valuations

PE Ratio 14.69
PEG Ratio 211
Price to Book value 0.16
Price to Sales 0.27
Price to Cash Flow 1.63

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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