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1698 Stock Chart & Stats
HK$36.50
HK$1.96(5.37%)
At close: 4:00 PM EDT
HK$36.50
HK$1.96(5.37%)
Day’s Range― - ―
52-Week RangeHK$31.16 - HK$103.20
Previous CloseN/A
Volume1.89M
Average Volume (3M)950.24K
Market Cap
HK$104.29B
Enterprise ValueHK$90.93K
Total Cash (Recent Filing)HK$30.66B
Total Debt (Recent Filing)HK$16.88B
Price to Earnings (P/E)10.3
Beta1.33
Next Earnings
Nov 17, 2026EPS Estimate
0.83Next Dividend Ex-DateN/A
Dividend Yield2.73%
Share Statistics
EPS (TTM)2.86
Shares Outstanding1,636,655,000
10 Day Avg. Volume903,442
30 Day Avg. Volume950,242
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.37
Price to Sales (P/S)5.93
P/FCF Ratio19.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$48.05Price Target Upside31.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)3.4
Revenue Forecast (FY)HK$41.07B
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth And ProfitabilityAccelerating revenue and high profitability show that TME is scaling its platforms while retaining meaningful earnings power. This provides financial capacity to invest in content, technology and ecosystem expansion over the next several quarters.
Membership And Premium IP MonetizationGrowth in paid membership, SVIP privileges, concerts and merchandise demonstrates expanding monetization beyond basic streaming. Premium content and owned IP can improve retention, user spending and revenue diversification over time.
Broader Audio Ecosystem And Product ReachThe Ximalaya integration and expanded product distribution strengthen TME’s music-plus-audio ecosystem. Broader content and integrations can increase time spent, cross-selling and platform relevance across devices and user segments.
Bears Say
Margin And Operating Expense PressureHigher consolidation amortization, channel spending and an unfavorable revenue mix are reducing operating leverage. Management expects gross and net margins to edge down, which could limit earnings growth even if revenue continues expanding.
Competition And Light-User MonetizationIntensifying competition may make user acquisition and engagement more expensive, particularly outside the core SVIP base. Moderating subscription and light-user trends could constrain organic growth and increase reliance on premium content and ecosystem initiatives.
Higher Leverage And Weaker Cash ConversionAlthough leverage remains moderate and cash generation is positive, the sharp rise in debt reduces balance-sheet flexibility. Weaker conversion of earnings into free cash flow may limit the durability of buybacks and investment capacity if it persists.
Tencent Music Entertainment Group Class A News
1698 FAQ
What was Tencent Music Entertainment Group Class A’s price range in the past 12 months?
Tencent Music Entertainment Group Class A lowest stock price was HK$31.16 and its highest was HK$103.20 in the past 12 months.
What is Tencent Music Entertainment Group Class A’s market cap?
Tencent Music Entertainment Group Class A’s market cap is HK$104.29B.
When is Tencent Music Entertainment Group Class A’s upcoming earnings report date?
Tencent Music Entertainment Group Class A’s upcoming earnings report date is Nov 17, 2026 which is in 85 days.
How were Tencent Music Entertainment Group Class A’s earnings last quarter?
Tencent Music Entertainment Group Class A released its earnings results on Aug 11, 2026. The company reported HK$0.913 earnings per share for the quarter, beating the consensus estimate of HK$0.895 by HK$0.018.
Is Tencent Music Entertainment Group Class A overvalued?
According to Wall Street analysts Tencent Music Entertainment Group Class A’s price is currently Undervalued.
Does Tencent Music Entertainment Group Class A pay dividends?
Tencent Music Entertainment Group Class A pays a Annually dividend of HK$0.941 which represents an annual dividend yield of 2.73%. See more information on Tencent Music Entertainment Group Class A dividends here
What is Tencent Music Entertainment Group Class A’s EPS estimate?
Tencent Music Entertainment Group Class A’s EPS estimate is 0.83.
How many shares outstanding does Tencent Music Entertainment Group Class A have?
Tencent Music Entertainment Group Class A has 1,636,655,000 shares outstanding.
What happened to Tencent Music Entertainment Group Class A’s price movement after its last earnings report?
Tencent Music Entertainment Group Class A reported an EPS of HK$0.913 in its last earnings report, beating expectations of HK$0.895. Following the earnings report the stock price went up 2.553%.
Which hedge fund is a major shareholder of Tencent Music Entertainment Group Class A?
Currently, no hedge funds are holding shares in HK:1698
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Tencent Music Entertainment Group Class A Stock Smart Score
Neutral
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4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.95%
12-Months-Change
Fundamentals
Return on Equity
2.73%
Trailing 12-Months
Asset Growth
14.37%
Trailing 12-Months
Company Description
Tencent Music Entertainment Group Class A
Tencent Music Entertainment Group (TME) is a prominent digital music and entertainment provider within the People's Republic of China, delivering a comprehensive suite of services including music streaming, online karaoke, and interactive live performances. Its core music platforms, such as QQ Music, Kugou Music, and Kuwo Music, enable users to discover and enjoy music in tailored ways. WeSing serves as a social karaoke application, allowing individuals to sing, interact with friends, share performances, and find new songs. TME also manages interactive live streaming channels like Kugou Live and Kuwo Live, which offer performers a platform to showcase their talents and engage directly with their audience. Additionally, Kuwo Changting provides a wide array of audio content, ranging from audiobooks and cross-talks to radio dramas and other entertainment genres. Beyond its digital services, the company distributes music-related merchandise, including headsets, smart speakers, and karaoke microphones, and offers online ticketing for music events. TME further collaborates with smart device and automotive manufacturers to integrate and operate music services on their products. Headquartered in Shenzhen, China, Tencent Music Entertainment Group maintains a strategic partnership with China Literature and operates as a subsidiary of Tencent Holdings Limited.
1698 Stock 12 Month Forecast
Average Price Target
HK$48.05
▲(31.63% Upside)
Technical Analysis
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