Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Recommends TME-SW/ NETEASE MUSIC as 2 Major Leaders in Online Music Sector
Recommend 0 Positive 4 Negative 3 |
||||
|
||||
|
CICC published a research report saying that it is continuously monitoring the online music industry closely. From a medium- to long-term perspective, the broker saw industry' music subscription business and extended business models to have significant growth potential. Based on the 1H25 results of TME-SW (01698.HK) and NETEASE MUSIC (09899.HK), CICC also believed that the competitive landscape will remain relatively stable, and TME-SW and NETEASE MUSIC will continue to be the two leading companies in the online music sector. CICC maintained its profit forecasts and valuations for the relevant companies, and recommended TME-SW and NETEASE MUSIC, with target prices of $324/ $114.5 for the H-shares of NETEASE MUSIC/ TME-SW; and US$29.4 for TME-SW's US stock (TME.US). All stocks are rated at Outperform due to resilient business profitability, stable competitive landscape, medium- to long-term growth prospects of non-subscription business and potential gross margin expansion. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
