News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Daiwa: TME-SW (01698.HK) 1Q Results in Line; TP Elevated to $66
TME-SW (01698.HK) (TME.US)'s 1Q25 results were in line with expectations, with online music subscription monthly ARPPU improving 7.5% YoY, slightly ahead of Daiwa's project...
Reset
Send
The window will close in 5 seconds
<Research>Daiwa: TME-SW (01698.HK) 1Q Results in Line; TP Elevated to $66
Close
Recommend
2
Positive
3
Negative
3
 
SHORT SELL
 
STOCK INFO

TME-SW (01698.HK)  +0.400 (+0.608%)    Short selling $14.08M; Ratio 31.109%   (TME.US)      's 1Q25 results were in line with expectations, with online music subscription monthly ARPPU improving 7.5% YoY, slightly ahead of Daiwa's projection, driven by higher penetration of SVIP members and discount adjustments, according to Daiwa's research report.

Daiwa forecasted TME-SW's full-year EPS growth to be higher than 20%. The broker raised its 2025/ 2026 revenue forecasts by 0.3-0.8%, and its EPS forecasts by 4-5%, reflecting better-than-expected growth in online music revenue and operating margin.

Related NewsCiti Expects Tencent Music 2Q Adj. NP to Grow 13%; TP Kept at US$17
Therefore, Daiwa kept rating at Hold, and elevated its target price to $66 from $51.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-20 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AAStocks Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.