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Tencent's Q2 earnings call will begin in ten minutes.
2026-08-12
Tencent's Q2 earnings call will begin in ten minutes.
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2026-08-12
Russian Defense Ministry says Russian forces have taken control of Vodyane in Ukraine's Kharkiv region.
Russian Defense Ministry says Russian forces have taken control of Vodyane in Ukraine's Kharkiv region.
2026-08-12
Morgan Stanley cut its price target on Tencent Music (TME.N) to $10.1 from $10.5 and maintained a market-weight rating. The bank said synergies from the Himalaya acquisition are uncertain and could be a swing factor amid a prolonged competitive and e
Morgan Stanley cut its price target on Tencent Music (TME.N) to $10.1 from $10.5 and maintained a market-weight rating. The bank said synergies from the Himalaya acquisition are uncertain and could be a swing factor amid a prolonged competitive and earnings downgrade cycle. Accelerated share buybacks offer partial downside support but clearer visibility on competition is required. Morgan Stanley trimmed Tencent Music 2026–2028 EPS forecasts by 3–7% to reflect weaker subscription revenue. At current levels the stock trades at roughly 10x 2027E P/E and 6.6x ex-cash P/E; any valuation rerating depends on an improvement in the competitive landscape.
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