大和：升腾讯音乐-SW(01698)至“买入”评级 看好新收入来源
智通财经网·2026-01-08 08:10

Core Viewpoint - Daiwa has upgraded Tencent Music Entertainment Group (01698) from "Outperform" to "Buy," citing an attractive valuation equivalent to an 18x forecasted price-to-earnings ratio for 2026 [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]