bearish

Tencent Music

Tencent Music (TME): 4Q21, Revenue Down for First Time

275 Views22 Mar 2022 13:03
In 4Q21, TME’s revenue decreased for the first time. We do not believe the music rise will cover the social entertainment decline. Either, we do not believe social entertainment will recover.
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Ming Lu
Overseas Chinese Equities
Aequitas Research
ChinaInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)
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