Tencent Music's Financial Performance: A Closer Look

Tencent Music Entertainment Group Class A has caught the eye of analysts recently. Two different reports came out with some interesting points. First, Guotai Haitong kept their "Buy" rating on the stock. They even set a price target of HK$96. 00. That's a pretty optimistic view! Then, another report from TR | OpenAI – 4o also said "Buy" but with a lower price target of HK$83. 00. It's always good to see different opinions. Now, let's talk numbers. In the quarter ending June 30, Tencent Music made HK$8. 44 billion in revenue. That's a big jump from the HK$7. 16 billion they made last year. Their net profit also went up, from HK$1. 68 billion to HK$2. 41 billion. Those are some solid gains! But here's a question: Why the different price targets? Both reports are positive, but one sees more potential than the other. It's a good reminder that even experts can have different opinions.