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Tencent Music Entertainment Group (TME)
12.88  0.2 (1.58%)    04-26 15:59
Open: 12.76
High: 12.925
Volume: 5,481,880
  
Pre. Close: 12.68
Low: 12.71
Market Cap: 21,377(M)
Technical analysis
2024-04-26 3:49:06 PM
Short term     
Mid term     
Targets 6-month :  15.09 1-year :  17.63
Resists First :  12.92 Second :  15.09
Pivot price 11.82
Supports First :  11.61 Second :  10.8
MAs MA(5) :  12.42 MA(20) :  11.7
MA(100) :  9.95 MA(250) :  8.25
MACD MACD :  0.4 Signal :  0.3
%K %D K(14,3) :  96.4 D(3) :  94.2
RSI RSI(14): 72
52-week High :  12.92 Low :  5.69
Price, MAs 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 BULLISH in mid-long term.
[ TME ] has closed below upper band by 0.9%. Bollinger Bands are 66.1% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 1 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 12.7 - 12.75 12.75 - 12.79
Low: 12.11 - 12.17 12.17 - 12.22
Close: 12.59 - 12.67 12.67 - 12.74
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

Fri, 26 Apr 2024
TME (Tencent Music Entertainment Group) EPS without NRI - GuruFocus.com

Tue, 23 Apr 2024
Harvest Fund Management Co. Ltd Reduces Position in Tencent Music Entertainment Group (NYSE:TME) - MarketBeat

Sat, 20 Apr 2024
Tencent Music Entertainment Group Full Year 2023 Earnings: EPS Beats Expectations - Simply Wall St

Sat, 20 Apr 2024
Analysts Are Updating Their Tencent Music Entertainment Group (NYSE:TME) Estimates After Its Full-Year Results - Yahoo Finance

Mon, 15 Apr 2024
Tencent Music to Unveil Q1 2024 Financials - TipRanks.com - TipRanks

Tue, 09 Apr 2024
Returns On Capital Are Showing Encouraging Signs At Tencent Music Entertainment Group (NYSE:TME) - Yahoo Finance

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.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
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.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Communication Services
Industry:
Internet Content & Information
Shares Out 1,720 (M)
Shares Float 1,100 (M)
Held by Insiders 0 (%)
Held by Institutions 50.6 (%)
Shares Short 21,000 (K)
Shares Short P.Month 26,190 (K)
Stock Financials
EPS 0.43
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 36.02
Profit Margin 17.7 %
Operating Margin 20.7 %
Return on Assets (ttm) 4.3 %
Return on Equity (ttm) 9.8 %
Qtrly Rev. Growth -7.2 %
Gross Profit (p.s.) 0
Sales Per Share 16.13
EBITDA (p.s.) 3.32
Qtrly Earnings Growth 13.8 %
Operating Cash Flow 7,340 (M)
Levered Free Cash Flow 3,140 (M)
Stock Valuations
PE Ratio 29.87
PEG Ratio 66.6
Price to Book value 0.35
Price to Sales 0.79
Price to Cash Flow 3
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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