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| HSI1 | 26,025.42 | 0.00 | -- |
| HSCEI1 | 8,835.50 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-03-18 11:18:44 According to a report from Citi, even though both of TME-SW (01698.HK)'s 4Q25 revenue and non-IFRS net profit beat the broker's expectations, the company's management indicated that subscription revenue is likely to face headwinds in the short term due to the disruptive impact of AI-generated music and intensifying competition. After adjusting its forecasts, Citi has axed its target price for Tencent Music (TME.US) from USD29 to USD15 based on a projected 2027 P/E ratio of 14x (PEG ratio of 1x). The Buy rating, however, remains on Tencent Music. ~ AAStocks Financial News Web Site: www.aastocks.com | |