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Tencent Music Entertainment Group (TME)

NYSE - Nasdaq Real Time Price. Currency in USD
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7.40-0.04 (-0.54%)
As of 11:31AM EDT. Market open.
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  • A
    Andreas
    Let's see if the double bottom will hold. If yes we will soon be over 10$ easily in my opinion.
    Bullish
  • A
    Andreas
    Once IPO is back on track for Hong Kong we will see a nice gain in the share price.

    TME is clever to not yet announce the IPO at a price of 7.4 Dollars.

    They are now buying back all the ADR shares at 7.4 Dollars and then they will push the price to around 20$ and announce IPO. So they then make huge bucks for us all.

    Clever guys.
    Bullish
  • P
    Phil
    TME owns 20% of Universal Music. That stake alone is worth over $10 billion right now....
  • V
    Vincent
    $TME How shorts will buyback 35M shares? If TME bought $800M at AVG $10 + Q2 buy (13M shares) it means that the float could be less than 500M shares...
    Bullish
  • V
    Vincent
    Since announcing the $1B share buyback in March, TME bought back $200M in shares at $17/share over a 6-week period. We wouldn't be surprised if they've been buying back additional shares through this recent turbulence, which can act as a further catalyst if it's announced during their August earnings report.
    Bullish
  • c
    cusick
    If you’re a day trader, you should definitely check out (http://Pick-stocks.com). They send a watchlist covering the top pre-market movers every day before the open. It’s a great way to pick out potential trades for the day.
  • V
    Vincent
    A Tencent spokesperson said that they would give up the rights to everyone “except for the case where the exclusive cooperation period with independent musicians does not exceed three years."
    They also added that they would not give it up since “the exclusive release period of new songs does not exceed 30 days”.
    Bullish
  • g
    global
    Did you know that TME price is going to be soon $17.87? I think!!!!! What do you think?
    Bullish
  • J
    J75
    Financial and Operational Highlights

    In the three months ended June 30, 2021:

    Total revenues were RMB8.01 billion (US$1.24 billion), representing an increase of 15.5% year-over-year.
    Online music services revenues grew by 32.8% year-over-year. Revenues from music subscriptions were RMB1.79 billion (US$277 million), representing a 36.3% year-over-year growth.
    Online music paying users reached 66.2 million, increasing by 40.6% year-over-year. On a sequential basis, the number of online music paying users grew by 5.3 million, the largest quarterly net increase since 2016. The paying ratio was 10.6%, up from 7.2% in the second quarter of 2020 and 9.9% in the first quarter of 2021, respectively.
    Net profit of the Company was RMB871 million (US$135 million) and net profit attributable to equity holders of the Company was RMB827 million (US$128 million).
    Non-IFRS net profit of the Company[1] was RMB1.16 billion (US$180 million) and Non-IFRS net profit attributable to equity holders of the Company[1] was RMB1.12 billion (US$173 million).
    "We would like to reiterate that TME sincerely accepts the decision issued in July by the regulator pertaining to exclusive music licensing arrangements. We are committed to fully complying with all requirements in a timely manner. While we expect some impact to our business operations as a result of this decision, we remain steadfast in our ongoing goals of fostering innovation, fulfilling our social responsibilities, providing users with better services and promoting the long-term, healthy development of the digital music industry," said Mr. Cussion Pang, Executive Chairman of Tencent Music.

    "In the second quarter, we delivered steady growth overall. Our strong momentum in online music monetization was supported by solid subscriptions and advertising revenue growth, while social entertainment services continued to progress at a good pace. Our efforts to build a leading online music and audio entertainment ecosystem resulted in an over 90% year-over-year increase in long-form audio MAUs. We will operationally focus on the dual flywheels of content and platform, and have taken several important steps to expand our ecosystem to empower artists and provide users with one-stop music and audio services. With respect to content, we will continue to broaden partnerships with music labels, and work with artists and content partners to develop more differentiated content while further strengthening our self-production capability. We also made strategic upgrades to the business model of TME Live, integrating online concerts with offline events to offer differentiated services and solutions for artists ranging from notable superstars to up-and-coming and indie musicians."

    "With respect to platform, in keeping up with our primary focus to explore new ways to better serve users in an increasingly more visual, social and interactive environment, we introduced several initiatives to strengthen our platform's competitiveness. For social entertainment services in particular, we are in the process of improving our product features, boosting social and community-centric use cases which are crucial for user engagement and retention," commented Mr. Ross Liang, CEO of Tencent Music. "We also deepened our cooperation with the broader Tencent ecosystem, including leveraging Weixin Video Account, to enrich video content offering, enhance content promotion and cultivate a dynamic platform for artists and users to unleash their creativity," concluded Mr. Liang.
  • V
    Vincent
    TME?s combination of a grossly under-monetized music business and a recovering socialentertainment business warrants a premium valuation. TME shares historically enjoyed apremium vs. SPOT by as much #$%$ turns to revenue, but are currently trading at a 50% discountdespite higher growth rates and superior long-term unit economics. As shares recover towardstheir recent trading range of 5.0-6.0x EV/Revenue, we believe TME shares are easily worth 3-4xtheir current trading levels.
    Bullish
  • V
    Vincent
    TME owns 2% of UMG
    Universal Music worth $50bn
    2% of $50bn = $1bn
  • i
    iscius
    i wonder if anyone realizes the timing of these events: IPO's go bananas, then chinese companies show flush cash, then they all announce share buy back, then chinese government steps in and basically cleans house a tiny bit, then wild west overreaction, shares tank, buy back in effect, and like that, in 8 months TME, VIPS, BZUN, etc etc, buy back shares at literally 50% the previous cost. You got played, people.
  • M
    Mehdi
    Basically a fire deal . Personally i'll keep buying until this crackdown fades away.
    Bullish
  • T
    Tammy
    Chart showing $7.75 today
  • d
    dipaolo
    They had some interesting insights about TME on (http://Stocks-tracker.com). Definitely made me think twice about the company.
  • c
    cullens
    I heard about TME the other day on (http://Pick-stocks.com). It’s looking like an interesting play.
  • V
    Vincent
    TME?s combination of a grossly under-monetized music business and a recovering socialentertainment business warrants a premium valuation. TME shares historically enjoyed apremium vs. SPOT by as much #$%$ turns to revenue, but are currently trading at a 50% discountdespite higher growth rates and superior long-term unit economics. As shares recover towardstheir recent trading range of 5.0-6.0x EV/Revenue, we believe TME shares are easily worth 3-4xtheir current trading levels
  • V
    Vincent
    You guys do realize there are a big short interest since $16? They want your cheap shares to cover.
    Bullish
  • V
    Vincent
    +$32 march 2021 / $7.7 september 2021 / $16 march 2022
    Bullish
  • V
    Vincent
    35M shares shorted...
    Bullish