bearish
Tencent Music Entertainment(TME.US) 4Q22 Preview: Raise TP for Gradual but Slow Recovery
445 Views23 Jan 2023 09:31
We estimate that TME's 4Q22 topline/bottom line would be (2.5%)/3.8% vs cons., because of disturbance in its social entertainment and ads business. Reiterate SELL rating but raise TP to US$ 6.7.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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- [Tencent Music (TME US, SELL, TP US$6) Preview]: Competition Is Still a Concern, Maintain SELL14 Jul 2023
- [Tencent Music (TME US) Target Price Change]: Cut TP as Offline Music Activities Begin to Thrive19 May 2023
- [Tencent Music (TME US) Target Price Change]: Cut TP for Competition Pressure and Cost Rebound24 Mar 2023
- TME (TME US) – Making progress into scale optimization19 Jan 2023
- TME (TME US) – Strong earnings beat on improvement in GPM and operating efficiency17 Nov 2022
- TME: Online Music Biz Resumes Growth but Social Entertainment Further Drops16 Nov 2022
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