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Tencent Music Entertainment Group (TME)
9.46  -0.04 (-0.42%)    09-18 16:00
Open: 9.48
High: 9.55
Volume: 5,383,360
  
Pre. Close: 9.5
Low: 9.41
Market Cap: 15,959(M)
Technical analysis
2024-09-18 4:47:54 PM
Short term     
Mid term     
Targets 6-month :  12.37 1-year :  13.22
Resists First :  10.59 Second :  11.32
Pivot price 9.97
Supports First :  9.4 Second :  7.82
MAs MA(5) :  9.53 MA(20) :  10.1
MA(100) :  13.18 MA(250) :  10.67
MACD MACD :  -0.7 Signal :  -0.8
%K %D K(14,3) :  3.7 D(3) :  5
RSI RSI(14): 27.3
52-week High :  15.77 Low :  5.96
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ TME ] has closed above bottom band by 16.5%. Bollinger Bands are 32.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 9.58 - 9.63 9.63 - 9.67
Low: 9.24 - 9.32 9.32 - 9.38
Close: 9.35 - 9.46 9.46 - 9.55
Company Description

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.

Headline News

Wed, 18 Sep 2024
Tencent Music Entertainment Group (NYSE:TME) Holdings Decreased by E Fund Management Co. Ltd. - MarketBeat

Tue, 17 Sep 2024
Tencent Music Entertainment Group (NYSE:TME) Shareholders Will Want The ROCE Trajectory To Continue - Yahoo Finance

Fri, 13 Sep 2024
Tencent Music Entertainment Group (NYSE:TME) Shares Down 2.5% - MarketBeat

Thu, 12 Sep 2024
Tencent Music Entertainment Group Launches Global Music Outreach Initiative - PR Newswire

Thu, 12 Sep 2024
Tencent Music Entertainment Group Launches Global Music Outreach Initiative - StockTitan

Tue, 10 Sep 2024
Tencent Music Entertainment Group's (NYSE:TME) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Communication Services
Industry:
Internet Content & Information
Shares Out 857 (M)
Shares Float 1,120 (M)
Held by Insiders 0 (%)
Held by Institutions 58.1 (%)
Shares Short 26,640 (K)
Shares Short P.Month 21,510 (K)
Stock Financials
EPS 0.5
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 39.65
Profit Margin 20.3 %
Operating Margin 26.4 %
Return on Assets (ttm) 4.9 %
Return on Equity (ttm) 10.1 %
Qtrly Rev. Growth -1.8 %
Gross Profit (p.s.) 0
Sales Per Share 31.95
EBITDA (p.s.) 7.93
Qtrly Earnings Growth 31.7 %
Operating Cash Flow 9,050 (M)
Levered Free Cash Flow 5,400 (M)
Stock Valuations
PE Ratio 18.92
PEG Ratio 42.2
Price to Book value 0.23
Price to Sales 0.29
Price to Cash Flow 0.89
Stock Dividends
Dividend 0.14
Forward Dividend 0
Dividend Yield 1.4%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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