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Tencent Music Entertainment Group (TME)
14.15  0.8 (5.99%) 07-02 16:00
Open: 13.54 Pre. Close: 13.35
High: 14.4 Low: 13.54
Volume: 24,957,780 Market Cap: 23,737M
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. The
Prices Prediction (Update @5:00pm)
If tomorrow: Open lower Open higher
High: 14.411 - 14.479 14.479 - 14.543
Low: 13.371 - 13.447 13.447 - 13.518
Close: 14.022 - 14.145 14.145 - 14.259
Stock Technical Analysis
Overall:     
Target: Six months: 16.82
One year: 19.64
Support: Support1: 12.92
Support2: 12.00
Resistance: Resistance1: 14.40
Resistance2: 16.82
Pivot: 13.23
Moving Averages: MA(5): 13.49
MA(20): 13.02
MA(100): 11.80
MA(250): 12.74
MACD: MACD(12,26): 0.41
Signal(12,26,9): 0.38
%K %D: %K(14,3): 74.79
%D(3): 67.67
RSI: RSI(14): 69.44
52-Week: High: 16.74
Low: 9.22
Change(%): -6.8
Average Vol(K): 3-Month: 1050535
10-Days: 1675717
Price, MAs and Bollinger Bands
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

TME has closed below upper band by 3.6%. Bollinger Bands are 5.6% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.
Stock chart
Stock News
Wed, 01 Jul 2020
Tencent Music Entertainment Group Announces Strategic Partnership with CoMix Wave Films - PRNewswire

Tue, 30 Jun 2020
UBS Upgrades Tencent Music Entertainment Group (TME) to Buy - StreetInsider.com

Mon, 15 Jun 2020
Tencent Music Entertainment (TME): Hedge Funds Taking Some Chips Off The Table - Yahoo Finance

Thu, 02 Jul 2020
Tencent Music Entertainment Group (TME): What is good about stock? - Marketing Sentinel

Tue, 16 Jun 2020
If You Had Bought Tencent Music Entertainment Group (NYSE:TME) Stock A Year Ago, You’d Be Sitting On A 14% Loss, Today - Simply Wall St

Sun, 07 Jun 2020
Why Tencent Music Entertainment Stock Climbed 13.2% Last Month - The Motley Fool

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:  NYSE
Sector:  Communication Services
Industry:  Internet Content & Information
Shares Out. (M) 1680.00
Shares Float (M) 418.16
% Held by Insiders 5.18
% Held by Institutions 37.81
Shares Short (K) 41890
Shares Short Prior Month (K) 31150
Stock Financials
EPS 0.320
Book Value (p.s.) 3.330
Profit Margin 14.93
Operating Margin
Return on Assets (ttm) 5.0
Return on Equity (ttm) 9.3
Qtrly Rev. Growth 10.0
Gross Profit (p.s.) 5.161
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth -10.10
Operating Cash Flow (M)
Levered Free Cash Flow (M)
Stock Valuation
PE Ratio 44.22
PEG Ratio 1.61
Price to Book value 4.25
Price to Sales
Price to Cash Flow
Stock Dividends
Dividend
Dividend Yield
Dividend Growth

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