Morgan Stanley publishes a technical research report, expecting Tencent Music (TME.N) to experience a yükseliş in the stock price in the next 60 days, with a probability of over 80%, and a target price of $19, with a rating of "yükseliş". The report states that the recent adjustment of Tencent Music's stock price has made its short-term valuation more attractive. The report points out that the basic factors of Tencent Music remain robust, making it the least affected stock in the coverage area by macroeconomic weakness and competition. The stock's valuation is equivalent to a forecasted P/E ratio of less than 15 times in 2025, with a forecasted adjusted net profit of 9.5 billion yuan, showing a yükseliş of over 25% annually. It is believed that driven by subscribers, advertising, other music revenue, and profit margin, the stock still has room for yükseliş. At the same time, it is expected that Tencent Music's second-quarter performance and third-quarter guidance will slightly exceed market expectations.
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Morgan Stanley: Tahminen Tencent Müzik'in önümüzdeki 60 gün içinde yükselmesini bekliyor, hedef fiyat 19 dolar
Morgan Stanley publishes a technical research report, expecting Tencent Music (TME.N) to experience a yükseliş in the stock price in the next 60 days, with a probability of over 80%, and a target price of $19, with a rating of "yükseliş". The report states that the recent adjustment of Tencent Music's stock price has made its short-term valuation more attractive. The report points out that the basic factors of Tencent Music remain robust, making it the least affected stock in the coverage area by macroeconomic weakness and competition. The stock's valuation is equivalent to a forecasted P/E ratio of less than 15 times in 2025, with a forecasted adjusted net profit of 9.5 billion yuan, showing a yükseliş of over 25% annually. It is believed that driven by subscribers, advertising, other music revenue, and profit margin, the stock still has room for yükseliş. At the same time, it is expected that Tencent Music's second-quarter performance and third-quarter guidance will slightly exceed market expectations.