大和：升腾讯音乐-SW至“买入”评级 看好新收入来源
Zhi Tong Cai Jing·2026-01-08 08:11

Core Viewpoint - Daiwa's report indicates that Tencent Music (01698) is currently valued at a forecasted price-to-earnings ratio of 18 times for 2026, which is considered attractive, leading to an upgrade of the company's rating from "Outperform" to "Buy" [1] Group 1 - The company is expected to have strong monetization capabilities for moderate to heavy users [1] - New revenue sources are anticipated from events and merchandise [1]