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Tencent Music Newsroom
US stocks closed: All 'Seven Giants' suffered heavy losses, with the S&P and Nasdaq posting their largest declines in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China concept stock Jinlong Index fell by 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: the possibility of Super Micro Computer being suspended or delisted is increasing.
Tencent Music Entertainment Group (TME): Among the Best Music Stocks to Buy According to Hedge Funds
China's PMIs Show Glimmers of Improvement Ahead of NPC
Futu Morning Post | Citigroup strategist talks about the 'Trump winning trade', a good opportunity to profit from the surge in US stocks; AI capital spending continues to expand! Microsoft, Meta both fell after hours.
USA Treasury Department's heavyweight quarterly refinancing announcement: Maintain long-term bond auction scale and guidance unchanged; the U.S. presidential election is undecided, the dollar hedging cost has risen to the highest since 2022; it will impact 3000 dollars next year! Goldman Sachs raises gold price expectations, stating that central bank demand expectations have quadrupled.
US stocks closed: Nasdaq rose for the fourth consecutive time to a new high. The seven giants and chip stocks strengthened overall.
①Nasdaq China Golden Dragon Index fell by 1.44%; ②Google's quarterly revenue and EPS both exceeded expectations; ③Musk: It is expected that the number of robots will exceed humans by 2040; ④OpenAI reportedly plans to collaborate with Broadcom and Taiwan Semiconductor to jointly develop self-designed chips.
Communication Services Sector in Focus as Investors Gear up for Alphabet, Meta Earnings
tencent music (01698.HK) opened the world's first MUSIC Q innovative experience store under its global umbrella in Wuxi.
According to internal media reports, tencent music - SW (01698.HK) 's global first MUSIC Q offline innovative experience store officially opened on Chong'an Temple pedestrian street in Wuxi. The store integrates genuine celebrity products, artist activities, activity check-ins, music previews, and leisure socializing, including various celebrity peripherals, concert souvenirs, and IP collectible cards. MUSIC Q provides an immersive experience of 'technology + music', social check-ins, occasional appearances by celebrity artists, and a fusion of innovative formats, empowering the industry with technology. With the official opening of MUSIC Q, a series of year-round music-themed activities will follow.
US stocks closed: China's "Golden Dragon" rose more than 4% leading the large cap, Trump Group surged 20%.
①The S&P 500 energy sector fell by 0.65%; ② Miniso, Nio Inc rose by more than 10%; ③Apple's first batch of AI functions officially launched; ④ Internet-famous brokerage firm Robinhood enters the USA presidential election gambling.
Wall Street Analysts Believe Tencent Music Entertainment Group (TME) Could Rally 26.83%: Here's Is How to Trade
US stocks closed: The three major indexes collectively fell, with technology stocks generally down and nvidia falling nearly 3%.
①Dow Jones, S&P fell nearly 1%, Nasdaq fell 1.6%; ②Large technology stocks all declined, nvidia fell nearly 3%; ③Tesla's third-quarter adjusted earnings per share exceeded expectations, soaring over 9% after-hours; ④Apple's spring new products exposed, including M4 version of MacBook Air, new iPad Air, and iPhone SE.
3 Reasons Why Growth Investors Shouldn't Overlook Tencent Music Entertainment Group (TME)
US stock market outlook: Chinese assets collectively rise before the market! YINN surged more than 15%, bilibili rose more than 7%; Goldman Sachs: debt conversion is the first step in China's fiscal big move, which will stimulate economic growth.
Trump claimed to have received a 'plea for help' call from Cook, involving Apple being fined heavily by the European Union; Is there still an 'undercurrent' behind the bull market of US stocks? Goldman Sachs: The rise of the US dollar is a major threat; The gold price continues to hit new highs! As risk aversion heats up, spot gold rises above $2,700.
Shares of US-listed Chinese Stocks Are Trading Higher After China's Sept. Retail Sales and Industrial Production Data Beat Estimates.
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Express News | Ishares MSCI China ETF up 5.4%, Kraneshares CSI China ETF up 6.1%, ishares China Large-Cap ETF up 5%
Express News | Li Auto up 6.7%, JD.com up 4.9%, NIO up 6%, Xpeng up 6.6%
Express News | Alibaba up 3.4%, Bilibili up 7.5%, Tencent Music Entertainment up 4.5%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket on Central Bank Measures to Boost Domestic Market
BOCI Securities: Maintains a "buy" rating for tencent music-SW, with the target price raised to 58.1 Hong Kong dollars.
BOCI Research released a research report stating that it maintains a "buy" rating on Tencent Music Entertainment Group (01698.SW) and raises the target price to 58.1 Hong Kong dollars. BOCI International's report indicates that Tencent Music's total revenue for the third quarter is expected to increase by 6% year-on-year, with adjusted net income rising by 37% year-on-year, in line with market expectations. Among them, core music membership business revenue increased by 21% year-on-year. The bank maintains the group's forecast at the end of 2028 for 0.15 billion music paying members, monthly average revenue per paying user (ARPPU) of 15 yuan, and 45% music business comprehensive gross margin, along with at least 30% annual dividend policy continuation.
UBS Rating | BOC International: Tencent Music's target price raised to 58.1 Hong Kong dollars, maintaining a 'buy' rating
On October 18, Guolonghui｜CICC released a research report stating that tencent music is expected to grow its total revenue by 6% year-on-year in the third quarter, with adjusted net income increasing by 37% year-on-year, meeting market expectations. Among them, core music membership business revenue increased by 21% year-on-year. The bank maintains the group's forecast for the end of 2028 of 0.15 billion paid music members, average revenue per paid user (ARPPU) of 15 yuan per month, and 45% of the gross profit of the music business, along with a dividend policy of at least 30% annually. It maintains a "buy" rating and raises the target price to 58.1 Hong Kong dollars.