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JPM Cuts TME-SW (01698.HK) EPS Forecasts by About 3%, Lowers TP to HKD40
Recommend 6 Positive 4 Negative 1 |
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JPMorgan issued a research report lowering TME-SW (01698.HK)'s earnings forecasts for 2026 and 2027 by about 3% to reflect a slowdown in paid conversion among price-sensitive user groups, while premium SVIP and non-subscription IP or offline businesses remain resilient. JPM said TME-SW's 1Q results confirmed pessimistic expectations for its streaming business and partially validated optimistic expectations for its IP business and non-subscription monetization. It believes the current risk-reward profile is balanced. The broker cut the stock's TP from HKD48 to HKD40 and maintained a "Neutral" rating. (sl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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