Core Viewpoint - Tencent Music (TME.US) shows a pre-market increase of 1.69%, reaching $16.88, amid concerns about competition for light music users, but the company is expected to perform well in monetizing moderate to heavy users and generating new revenue from events and merchandise [1] Group 1: Market Performance - The closing price on January 7 was $16.60, reflecting a decrease of 5.74% [1] - The pre-market price on January 8 was $16.88, an increase of $0.28 or 1.69% [1] - The opening price was $17.38, with a highest price of $17.43 and a lowest price of $16.60 [1] Group 2: Analyst Ratings - Daiwa issued a report indicating short-term concerns about competition but remains optimistic about the company's monetization capabilities [1] - Morgan Stanley analyst Yang Liu maintained a "buy" rating for Tencent Music and raised the target price from $18 to $27.5 [1] Group 3: Financial Metrics - The total market capitalization of Tencent Music is $25.712 billion [1] - The price-to-earnings (P/E) ratio is 16.73 (TTM) and 27.39 (static) [1] - The total shares outstanding are 1.549 billion, with a circulating value of $8.974 billion [1]
美股异动丨腾讯音乐盘前涨超1% 大和看好公司对中度至重度用户的变现能力