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Tencent Music Entertainment ADR (TME)
8.49  0.17 (2.04%) 10-22 16:00
Open: 8.39 Pre. Close: 8.32
High: 9.1 Low: 8.285
Volume: 18,479,257 Market Cap: 14,370M
Tencent Music Entertainment Group operates online music entertainment platforms that provides 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 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. In addition, it sells music-related merchandise, including Kugou M1 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 CoMix Wave Films. The company was formerly known as China Music Corporation. The company was incorporated in 2012 and is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.
Prices Prediction (Update @5:00pm)
If tomorrow: Open lower Open higher
High: 9.11 - 9.146 9.146 - 9.178
Low: 8.187 - 8.229 8.229 - 8.264
Close: 8.418 - 8.486 8.486 - 8.545
Stock Technical Analysis
Overall:     
Target: Six months: 10.63
One year: 12.41
Support: Support1: 7.69
Support2: 6.82
Resistance: Resistance1: 9.10
Resistance2: 10.63
Pivot: 7.74
Moving Averages: MA(5): 8.30
MA(20): 7.59
MA(100): 10.60
MA(250): 16.48
MACD: MACD(12,26): 0.08
Signal(12,26,9): -0.11
%K %D: %K(14,3): 75.49
%D(3): 81.43
RSI: RSI(14): 60.16
52-Week: High: 32.248
Low: 6.82
Change(%): -43.6
Average Vol(K): 3-Month: 1661429
10-Days: 1344623
Price, MAs and Bollinger Bands
Price and moving averages has closed above its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.

TME has closed below upper band by 13.0%. Bollinger Bands are 18.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.
Stock chart
Stock News
Fri, 22 Oct 2021
Sirius XM Holdings Inc. stock falls Friday, still outperforms market - MarketWatch

Fri, 22 Oct 2021
Goldman Cites Tesla, Facebook as Digital Revolution Favorites - TheStreet

Tue, 19 Oct 2021
Tencent Music Entertainment (TME) gains 9.07% for October 19 - Equities.com

Tue, 19 Oct 2021
Communication Services Stocks Making Moves Tuesday: GBXI, IQ, TME, HUYA, EVER, CNSL, QNST, GROM - InvestorsObserver

Wed, 13 Oct 2021
Tencent Music Entertainment Group - ADR (TME) Up 1.29% in Premarket Trading - InvestorsObserver

Mon, 11 Oct 2021
Tencent Music Entertainment (TME) falls 0.39% on Moderate Volume October 11 - Equities.com

Financial Analysis
Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company's ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Stock Basics & Statistics
Exchange:  New York Stock Exchange
Sector:  Communication Services
Industry:  Internet Content & Information
Shares Out. (M) 1690.00
Shares Float (M) 614.70
% Held by Insiders 9.76
% Held by Institutions 59.22
Shares Short (K) 20250
Shares Short Prior Month (K) 21580
Stock Financials
EPS 0.380
Book Value (p.s.) 31.130
Profit Margin 12.86
Operating Margin 13.03
Return on Assets (ttm) 4.1
Return on Equity (ttm) 8.3
Qtrly Rev. Growth 15.5
Gross Profit (p.s.) 5.503
Sales Per Share 18.781
EBITDA (p.s.) 2.876
Qtrly Earnings Growth -11.90
Operating Cash Flow (M) 5200.00
Levered Free Cash Flow (M) 3100.00
Stock Valuation
PE Ratio 22.34
PEG Ratio
Price to Book value 0.27
Price to Sales 0.45
Price to Cash Flow 2.76
Stock Dividends
Dividend
Dividend Yield
Dividend Growth

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