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Tencent Music Entertainment Group (TME)
8.83  -0.05 (-0.56%)  07-13 16:00
Open: 8.89
High: 8.96
Low: 8.815
Volume: 4,704,031
Market Cap: 13,571(M)
PE Ratio: 10.58
Exchange: New York Stock Exchange
Industry: Internet Content & Information
Sector: Communication Services
Technical analysis
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sell buy
Resistance 2: 11.01
Resistance 1: 9.43
Pivot price: 8.54
Support 1: 8.51
Support 2: 7.94
52w High: 26.7
52w Low: 7.94
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Tencent Music Entertainment Group (TME) is a premier operator of online music entertainment platforms across the People's Republic of China, offering a range of services including music streaming, digital karaoke, and live interactive broadcasting. Its offerings encompass popular streaming platforms like QQ Music, Kugou Music, and Kuwo Music, which facilitate personalized music discovery and listening for users. The company also developed WeSing, an engaging application that allows users to sing, socialize with friends, share their performances, and explore songs sung by others. Furthermore, TME runs interactive live broadcasting platforms, notably Kugou Live and Kuwo Live, providing an online venue for performers to exhibit their talents and interact with their audience. Kuwo Changting acts as a specialized audio content platform, featuring diverse spoken word entertainment such as audiobooks, traditional cross-talk, and radio dramas. Beyond its digital services, TME sells music-related hardware, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi audio systems. It also handles online ticketing for music events and partners with manufacturers of smart devices and automobiles to embed and manage music services within their products and vehicles. Tencent Music Entertainment Group maintains a strategic partnership with China Literature. Headquartered in Shenzhen, China, the company functions as a subsidiary of Tencent Holdings Limited.

Financials
EPS 0.840
Book Value 7.110
PEG Ratio 1.17
Gross Profit 18.439
Profit Margin (%) 26.48
Operating Margin (%) 30.39
Return on Assets (ttm) 6.3
Return on Equity (ttm) 11.9
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