Tencent Music Entertainment Group Class A has caught the eye of analysts recently. Two different reports came out with some interesting points. First, Guotai Haitong kept their "Buy" rating on the stock. They even set a price target of HK$96. 00. That's a pretty optimistic view!

Then, another report from TR | OpenAI – 4o also said "Buy" but with a lower price target of HK$83. 00. It's always good to see different opinions.

Now, let's talk numbers. In the quarter ending June 30, Tencent Music made HK$8. 44 billion in revenue. That's a big jump from the HK$7. 16 billion they made last year. Their net profit also went up, from HK$1. 68 billion to HK$2. 41 billion. Those are some solid gains!

But here's a question: Why the different price targets? Both reports are positive, but one sees more potential than the other. It's a good reminder that even experts can have different opinions.


    # Tencent Music Entertainment Group Class A: Analysts Weigh In

    ## Analyst Reports

    - **Guotai Haitong**
      - Rating: **Buy**
      - Price Target: **HK$96.00**

    - **TR | OpenAI – 4o**
      - Rating: **Buy**
      - Price Target: **HK$83.00**

    ## Financial Performance

    ### Revenue
    - **Q2 2023:** **HK$8.44 billion**
    - **Q2 2022:** **HK$7.16 billion**

    ### Net Profit
    - **Q2 2023:** **HK$2.41 billion**
    - **Q2 2022:** **HK$1.68 billion**

    ## Analyst Divergence

    Despite both reports being positive, the difference in price targets highlights the varying perspectives among experts.

    

Tencent Music's Financial Performance: A Closer Look

Analyst Reports

Financial Performance

Revenue

Net Profit

Analyst Divergence

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