- Insider Monkey
Tencent Music Entertainment Group (TME) Reported Solid Revenue and Earnings Growth in Q1
Polen Capital, an investment management company, released its “Polen Emerging Markets Growth Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 1.48% gross and 1.25% net of fees in the quarter compared to 2.37% for the MSCI Emerging Markets Index. Emerging market securities rose in the […]
- Reuters
Tencent, Tencent Music to pick up 10% stake in Thailand's GMM Music for $70 million
Tencent and its controlled entity Tencent Music will buy the stake through a combination of cash and a minority stake in music streaming app JOOX Thailand, valuing GMM Music at $700 million. In July 2023, GMM Music's parent company GMM Grammy approved a plan for spinning off the music unit and listing it on the Stock Exchange of Thailand. The deal will help GMM Music expand its business and fund innovation, the company said.
- Zacks
Surging Earnings Estimates Signal Upside for Tencent Music Entertainment Group (TME) Stock
Tencent Music Entertainment Group (TME) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
