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Commentary (24 Apr 2024 @ 16:00):

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China...

Stats
Today's Volume	7.57M
Average Volume	8.16M
Market Cap	19.09B
EPS	CNY0 ( 2024-03-19 )
Next earnings date	( CNY0.140 ) 2024-05-13
Last Dividend	CNY0 ( N/A )
Next Dividend	CNY0 ( N/A )
P/E	28.48
ATR14	CNY0.0140 (0.11%)

Volume Correlation

Long: -0.11 (neutral)

Short: 0.09 (neutral)

Signal:(53.53) Neutral

Tencent Music Correlation

10 Most Positive Correlations
TDI	0.831
BDXB	0.83
CMRE-PE	0.812
LD	0.806

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Tencent Music Correlation - Currency/Commodity

-0.39
( neutral )

-0.36
( neutral )

0.00
( neutral )

-0.22
( neutral )

Tencent Music Financials

Annual	2023
Revenue:	CNY27.75B
Gross Profit:	CNY9.80B (35.29 %)
EPS:	CNY3.15

Q3	2023
Revenue:	CNY6.57B
Gross Profit:	CNY2.34B (35.65 %)
EPS:	CNY0.740

Q2	2023
Revenue:	CNY7.29B
Gross Profit:	CNY2.50B (34.27 %)
EPS:	CNY1.660

Q1	2023
Revenue:	CNY7.00B
Gross Profit:	CNY2.32B (33.05 %)
EPS:	CNY0.740

Financial Reports:

No articles found.

Tencent Music

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. The company also operates Kugou Music, Kuwo Music, WeSing, QQ Music, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance; and Kuwo Changting, an audio platform that offers users various audio content, including audio books, cross-talks, radio dramas, and other entertainment. In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones, and Hi-Fi systems; and offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles. Tencent Music Entertainment Group has a strategic partnership with China Literature. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group is a subsidiary of Tencent Holdings Limited.