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TME-SW Plunges 20% as Last Quarter's Mobile MAUs Miss
Recommend 6 Positive 6 Negative 8 |
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TME-SW (01698.HK) reported a net profit hike of 12.6% YoY to RMB2.2 billion for the last quarter, with a gross margin of 44.7%, less than the street consensus of 45.1%. Besides, mobile monthly active users (MAUs) also fell short of expectations. TENCENT MUSIC (TME.US) saw its US shares slide 24.7% at close on March 17, hitting a 52-week low. This morning (18th), the Hong Kong stock price was similarly under pressure, opening 15% lower and tumbling as much as 24% in early trading, reaching a low of HKD43.6. It last stood at HKD45.22, down 20.94%, with a trading volume of 2.5932 million shares, involving HKD116 million. AASTOCKS Financial News Website: www.aastocks.com |
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