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Tencent Music Entertainment Group (TME)

NYSE - NYSE Delayed price. Currency in USD
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4.9600+0.1700 (+3.55%)
At close: 04:00PM EDT
4.9500 -0.01 (-0.20%)
After hours: 07:54PM EDT
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  • G
    G
    break 5.5 today
  • M
    Michael
    Total cash per share is >$12
  • f
    falletta
    I am staying far away from TME - It looks like it is going to drop off a cliff. I actually get way better stocks at (http://Themaxgains.tech)
  • E
    ElonMusk1A
    China stocks are all solid buys!!! Better investment than us stocks rn!!
  • A
    Alon
    Don't be "surprised" to see at least 10% upside tomorrow. and then some (if you are shorting, better for you to cover in a timely manner, as you can not predict for how long the positive trend would take place, could be all the way back to 30$)
  • B
    Bill Clinton
    solid buy. no Biden inflation in China.
  • M
    Michael
    Who is holding us UP ? It should rise a lot higher in the coming weeks !
  • G
    G
    break 5$ in AH
  • R
    Rumen
    On 6/7 Tencent Music has renewed partnership with SM entertainment after having to give up exclusive licensing last year over concerns of monopoly issues. I think we could see TME back to 10 bucks in the next 90 days
  • C
    CJ
    Entertainment is the next big thing. Own tme since 03/2021 and will keep buying and holding
  • S
    Sameer
    On it's way past $5 this week!
  • M
    Michael
    Seems like positive sentiment around China tech stocks. Given aforementioned and secondary listing as well as generally positive results we should see some type of share price increase in near future
  • C
    Chris
    2:1 stock split coming soon!
  • M
    Michael
    Two Green Days
    Love it
  • C
    Chris
    Pursuant to the 2021 Share Repurchase Program announced on March 28, 2021, as of May 13, 2022, we have repurchased approximately 73.3 million ADSs from the open market with cash for a total consideration of approximately US$674 million.

    *Just buy another billion shares to boost the eps. I don't mind waiting.* Pls announce it next qtr.
  • B
    Bill Clinton
    buying China stocks.
    Biden will continue to tank US equities... only good for shorting.
  • A
    Alon
    In a matter to show you the manipulation (the upside potential of TME), I will give you an example.

    Twitter 2021 net LOSS is: $221M.

    Tencent Music 2021 net profit: $600M.

    This year (2022) it doesn't seems to be much different. TME Is a rich company, solid, successful, profitable.

    The only 'tiny' issue is that TME traded now for 4$ and not between 20$ to 70$. Too manipulated. Too huge of an upside. I'm not moving anywhere till the share price would reflect the magnitude of this company. Glta.
  • C
    Chris
    I hope they start paying us dividends. Already been around for 4 years since listed. I can wait after the buyback completed. Come on tme!
  • A
    Alon
    TME Should get where it belongs very soon now, based of $500M net profit a year + $4B cash in hand. That magnitude worth 30-40$ a share company (or more!). It's not logical that TME will keep being traded in current low levels.

    Therefore, If someone is shorting such a solid and successful company that currently traded for a worth that equal to a small pharma with no cash or profit and don't close his position right away, risk himself in a financial suicide.

    The upside of TME is huge, based of net profit and cash (not based of forecasts, but of proven numbers).

    That's what it is!
  • A
    Alon
    "TME is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TME is likely the superior value option right now." (Zacks equity report, 5/19/22)