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Kehua Holdings: The controlling shareholder plans to transfer shares, and the stock will be suspended next Monday.
2025-08-15 09:16
After reviewing 35 years of A-share trends, what will happen after the Shanghai Composite Index reaches a ten-year high?
2025-08-15 08:49
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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Morgan Stanley: Raises Tencent Music's target price by 12.2% to $16.5
Jin10 data reported on May 14 that Morgan Stanley released a report raising the target price for Tencent Music (TME.N) from $14.7, an increase of 12.2% to $16.5, maintaining an “overweight” investment rating. Morgan Stanley explained that the target price increase for Tencent Music is based on considering the market value of Tencent Music’s long-term strategic investments with a 30% discount (in line with the bank’s strategy on Tencent), including a 2% stake in Spotify, a 2% stake in UMG, and a 0.8% stake in Warner Music Group. These equate to a value of $2 per American Depositary Share (ADS). Tencent Music’s affiliate (consortium) allocated shares of UMG to Tencent Music in 2019, with the first quarter of 2025 being the triggering factor for this change.