Tencent Music Entertainment Group (TME) Shares Pulled Back After Strong Performance [Yahoo! Finance]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
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Source: Yahoo! Finance
However, recent quarterly results showed a decline in revenue and a conservative growth outlook, leading to lowered price targets from analysts. Despite this, TME's profits rose 22.5% year-over-year, and the company's shares have gained 35.12% in value over the last 52 weeks. Polen Capital , an investment management company, released its “Polen Global SMID Company Growth” third quarter 2024 investor letter. A copy of the letter can be downloaded here . In the third quarter, the fund returned 7.41 (gross) and 7.40% (net) compared to a 9.37% return for the MSCI ACWI SMID Net Index. Negative stock selection and sector and country allocation led the portfolio to underperform in the quarter. Despite volatile market sentiments, global small and mid-cap equities posted gains in the third quarter. In addition, please check the fund's top five holdings to know its best picks in 2024. Polen Global SMID Company Growth highlighted stocks like Tencent Music Entertainment Group (NYSE: TME ) in
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TME
News
- Key Investors Say Bet on These Stocks at Sohn Australia Conference [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (TME) Q3 2024 Earnings Call Highlights: Strong Growth in ... [Yahoo! Finance]Yahoo! Finance
- Tencent Music's Q3 Revenue Tops $1 Billion, But Monthly Active Users Fall 3%, Stock Reacts [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website