Tencent Music Entertainment Group (#TME) Stock Price, Live Chart & Analysis | Trade #TME
Tencent Music Entertainment Group is the largest music service provider in China. The company was founded in 2016 due to the entry of China Music Group into Tencent Media Corporation, headquartered in Shenzhen, Guangdong Province of China. Tencent Music is known for its popular apps, such as QQ Music, Kugou, Kuwo, and WeSing, which have 800 million users and 120 million paying subscribers. The company's shares have been traded since 2018 on the New York Stock Exchange under the ticker of #TME.
The Tencent Music stock price depends on the platform's popularity. In addition to paid subscriptions, you can buy headphones and microphones for online broadcasts, concert tickets, and other goods in Tencent Music apps. The larger the audience of services, the higher the profit; therefore, the #TME value is growing.
The Chinese government’s anti-monopoly policy also affects the Tencent Music stock price. The State Authority for Market Regulation (SAMR) has repeatedly imposed sanctions on the company. In 2021, the regulator ordered to cancel its exclusive music copyright agreements with global music labels and fined Tencent Music 500,000 yuans. As a result, the company's shares fell 6.9%.
When trading the #TME, one should study the company’s policy and monitor the market competition. Tencent Music has to compete with such industry giants as Spotify Technology, Sirius XM, Urban One, and others. In 2021, the number of paid users for the company's services increased - applications have wide functionality at a low subscription cost (the most expensive one is $2.5). In 2021, Tencent Music management said it plans to improve its online platforms while keeping prices low. And if users prefer the services of a Chinese company rather than its competitors, then the #TME rate will grow in the long term.
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SellBuyActive SellActive Buy
| Sell | 10.4 |
| Buy | 10.41 |
| Sentiment | 100% ▴ |
| 1-day change | -3.5(-25.18%) |
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#TME (#TME) shares’ cost is $10.41 for today. The highest rate of shares #TME (#TME) for today is $10.7200, the lowest price is $10.3100. The opening price was $10.68.
A real-time chart for #TME (#TME) shares quote is provided below.
Price chart of #TME in real time mode
Available in trading accounts:
- ECN
- CLASSIC
Prev. Close10.47
Day's Range10.3100 - 10.7200
Opening10.68
52 wk Range5.96-15.77
Volume8,606,364
Shares Outstanding1,582,250,117
Average Volume8,576,843
Market Cap16.52B
1-Year Return48.72%
EPS3.6
Beta0.674
Revenue27.39B
P/E Ratio20.55
Dividends0.1329(1.27%)
Next Earnings Date2024-11-12
Spread0
Swap Long-6
Contract size1
Swap Short2.5
Stop&Limit Level0
| #AA | N/A | N/A | -0.42 | -1.29% |
| #ABBV | N/A | N/A | 8.4 | 4.47% |
| #ABT | N/A | N/A | 6.45 | 6.04% |
| #ADM | N/A | N/A | -0.71 | -1.15% |
| #AMWL | N/A | N/A | -2.03 | -19.77% |
| #AXP | N/A | N/A | 6.6 | 2.62% |
| #BA | N/A | N/A | -11.02 | -5.98% |
| #BABA | N/A | N/A | 4.04 | 5.10% |
| #BAC | N/A | N/A | 1.1 | 2.77% |
| #BB | N/A | N/A | -0.07 | -2.90% |
| #CAT | N/A | N/A | 11.36 | 3.30% |
| #CLX | N/A | N/A | 27.22 | 20.76% |
| #COTY | N/A | N/A | -0.48 | -4.87% |
| #CVX | N/A | N/A | -8.8 | -5.62% |
| #DIS | N/A | N/A | -3.11 | -3.33% |
| #DVN | N/A | N/A | -1.68 | -3.61% |
| #EDU | N/A | N/A | -0.05 | -0.08% |
| #F | N/A | N/A | 0.34 | 3.13% |
| #FIS | N/A | N/A | 6.07 | 7.95% |
| #FTI | N/A | N/A | -2.65 | -8.99% |
| #GD | N/A | N/A | 3.23 | 1.09% |
| #GE | N/A | N/A | 0.56 | 0.32% |
| #GPN | N/A | N/A | 10.02 | 9.94% |
| #HD | N/A | N/A | 1.11 | 0.30% |
| #HPQ | N/A | N/A | 0.12 | 0.33% |
| #IBM | N/A | N/A | 10.16 | 5.29% |
| #JNJ | N/A | N/A | 7.63 | 4.82% |
| #JPM | N/A | N/A | 14.05 | 6.67% |
| #KMI | N/A | N/A | 0.54 | 2.57% |
| #KO | N/A | N/A | 5.73 | 8.59% |
| #KODK | N/A | N/A | -0.49 | -8.51% |
| #LMT | N/A | N/A | 26.68 | 4.93% |
| #MA | N/A | N/A | 18.68 | 4.02% |
| #MCD | N/A | N/A | 25.11 | 9.53% |
| #MLM | N/A | N/A | -55.64 | -9.44% |
| #MMM | N/A | N/A | 8.5 | 6.73% |
| #MO | N/A | N/A | 4.3 | 8.69% |
| #MS | N/A | N/A | 0.79 | 0.77% |
| #NIO | N/A | N/A | -0.24 | -5.61% |
| #NSC | N/A | N/A | 7.85 | 3.16% |
| #OXY | N/A | N/A | -3.23 | -5.37% |
| #PFE | N/A | N/A | -1.24 | -4.10% |
| #PG | N/A | N/A | 10.45 | 6.49% |
| #PM | N/A | N/A | 8 | 6.94% |
| #RNG | N/A | N/A | -1.28 | -3.71% |
| #RTX | N/A | N/A | 6.62 | 5.67% |
| #SLB | N/A | N/A | -3.5 | -7.37% |
| #SNOW | N/A | N/A | -13.68 | -10.73% |
| #SQ | N/A | N/A | 2.79 | 4.41% |
| #STZ | N/A | N/A | -5.06 | -2.06% |
| #T | N/A | N/A | 0.74 | 3.86% |
| #TAP | N/A | N/A | 1.08 | 2.05% |
| #TME | N/A | N/A | -3.5 | -25.18% |
| #TOT | N/A | N/A | 1.61 | 2.39% |
| #V | N/A | N/A | 11.28 | 4.26% |
| #VMC | N/A | N/A | -28.04 | -10.29% |
| #VZ | N/A | N/A | 1.46 | 3.62% |
| #WMT | N/A | N/A | 8.17 | 11.83% |
| #XOM | N/A | N/A | -0.75 | -0.63% |
| #NFLX | N/A | N/A | 58.67 | 9.14% |
| #NKE | N/A | N/A | N/A | N/A |
Interesting facts about the #TME (Tencent Music Entertainment Group)
Tencent Music has expanded beyond the Chinese market with the help of one of its competitors, Spotify. In 2017, the companies entered into a strategic partnership and exchanged blocks of shares. With a 7.5% stake in Spotify, TME was the company's third-largest shareholder.
Tencent Music's IPO has become one of the largest among Chinese companies in the US stock market. In 2018, on the first day on the NYSE, trading opened at $13 per share and closed at $14. It is worth noting that the IPO took place amid complex negotiations between the US and China during a global fall in stock indices. The company's popularity among investors was because TME had already achieved incredible success and was making regular profits.
Unlike its competitors, advertising, subscriptions, and music downloads account for only 29% of Tencent Music's revenue. The rest of the profit is generated by additional services in the social network. For example, the We Sing karaoke app. It allows users to send virtual gifts to streamers and singers. Revenue from such entertainment grew from $310 million (2016) to $1.1 billion (2017). The growing popularity of TME apps is bullish for the company's shares.
TME has been actively supported by its parent organization, Tencent Corporation. Tencent Music does not operate on a separate social network but uses WeChat and QQ, which also grow in popularity yearly. Even competitors such as Spotify and Apple Music are not tied to social platforms. Various agreements and partnerships promote the distribution of Tencent Music applications. For example, in 2021, TME entered into a strategic partnership with the record company JYP Entertainment and gained access to streaming tracks by popular South Korean artists.
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