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Tencent Music Entertainment missed quarterly revenue estimates on Tuesday, as Beijing's crackdown on online gambling continues to impact its social entertainment segment.
Tencent Music Entertainment Group (TME) possesses solid growth attributes, which could help it handily outperform the market.
Investors looking for stocks in the Internet - Content sector might want to consider either Tencent Music Entertainment Group Sponsored ADR (TME) or TechTarget (TTGT). But which of these two stocks presents investors with the better value opportunity right now?
The consensus price target hints at a 26.8% upside potential for Tencent Music Entertainment Group (TME). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Tencent Music Entertainment Group (TME) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Investors interested in stocks from the Internet - Content sector have probably already heard of Tencent Music Entertainment Group Sponsored ADR (TME) and TechTarget (TTGT). But which of these two stocks offers value investors a better bang for their buck right now?
I maintain a Buy rating for Tencent Music Entertainment, taking into consideration the multiple positives for the stock. TME's online music services revenue is resilient despite China's economic slowdown. The introduction of the new higher-priced Super VIP plan is expected to enhance ARPPU and drive future revenue growth for TME.
Lingering optimism about the future of the country's enterprises continued to drive demand for them higher; rising tensions elsewhere in the world also played a role.
Shares of Tencent Music Entertainment Group (TME, Financial) surged 6.00% in mid-day trading on Oct 2. The stock reached an intraday high of $14.05, before settling at $13.52, up from its previous close of $12.75.
Tencent Music Entertainment Group (TME) possesses solid growth attributes, which could help it handily outperform the market.