Tencent Music Entertainment Group
Tencent Music Entertainment Group (TME) Stock Overview
Explore Tencent Music Entertainment Group’s financial performance, market position, analyst ratings, and future outlook.
Key Financials
Key Financials
Market Cap
29.4B
P/E Ratio
22.67
EPS (TTM)
$0.85
ROE
0.14%
TME Stock Analysis & Investment Overview
Our comprehensive AI-powered analysis of Tencent Music Entertainment Group (TME) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of B+, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.
The current technical analysis reveals key indicators including an RSI of 64.01, suggesting the stock is in a neutral condition. Our forecasting models predict significant price movements, with a 12-month target of $15.68.
Key financial metrics showcase the company's fundamental strength, including a P/E ratio of 22.67 and a market capitalization of 29.4B. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.
Technical Indicators
Analyst Recommendations
Price Targets
Company Profile
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.
Zhu Liang
5,353
Building D, Shenzhen
2018