Daiwa's report: tencent music (01698.HK) had no significant surprises in its third-quarter performance, maintaining a "hold" rating.
Daiwa published a research report stating that tencent music (01698.HK) third-quarter performance basically meets market expectations. Although the company's revenue and profit guidance for next year only meet market expectations, the bank estimates that under the leverage of content costs and strict control of operating expenses, the company's profitability may exceed expectations. The bank mentioned that tencent music's target for next year's music subscription revenue growth is 16%, slightly lower than the market and the bank's forecast of 17% to 18%. The company expects the quarterly net increase in users and the expansion rate of average revenue per paying user (ARPPU) per month to be slightly lower than expected. However, the bank believes tencent music
Hong Kong stocks morning report on November 14: real estate welcomes a large financial and tax package while most china concept stocks declined.
① The USA's CPI in October rose by 2.6% year-on-year, in line with market expectations. ② The three major US stock indexes had mixed results, with most china concept stocks declining. ③ The real estate sector is welcoming a financial and tax boost, with both deed tax and value-added tax decreasing. ④ The newly elected president of the USA, Trump, has nominated several people for important positions. ⑤ The usd hit a one-year high. ⑥ After bitcoin surged past 0.093 million dollars to reach a new high, it subsequently turned downward.
US stocks close: Inflation report eases market concerns, with mixed performances in the three major stock indexes. The Chinese concept stock index fell by 1%.
① Most china concept stocks declined, the nasdaq china golden dragon index fell by 1.09%; ② AMD will cut about 4% of its global workforce; ③ The low-cost aviation spirit airlines is on the verge of bankruptcy; ④ The likelihood of the Federal Reserve cutting interest rates by 25 basis points in the December meeting exceeds 82%.
Express News | Bernstein has lowered the target price of tencent music from 14 dollars to 13 dollars.
Bernstein Maintains Tencent Music(TME.US) With Buy Rating, Cuts Target Price to $13
A Quick Look at Today's Ratings for Tencent Music(TME.US), With a Forecast Between $14 to $16