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Tencent Music Entertainment

540 Posts
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  1. forum rang 8 Hopper58 21 maart 2022 21:16
    De resultaten. Ze lijken mij eerder tegen te vallen:

    In the three months ended December 31, 2021:

    Total revenues were RMB7.61 billion (US$1.19 billion), representing a decrease of 8.7% year-over-year.
    Online music service revenues grew by 4.3% year-over-year. Revenues from music subscriptions were RMB1.95 billion (US$306 million), representing 23.5% year-over-year growth.
    Online music paying users reached 76.2 million, increasing by 36.1% year-over-year. On a sequential basis, the number of online music paying users grew by 5.0 million. Paying ratio was 12.4%, up from 11.2% in the third quarter of this year and 9.0% in the fourth quarter of last year.
    Net profit of the Company was RMB577 million (US$91 million) and net profit attributable to equity holders of the Company was RMB536 million (US$84 million).
    Non-IFRS net profit of the Company[1] was RMB873 million (US$137 million) and Non-IFRS net profit attributable to equity holders of the Company[1] was RMB832 million (US$131 million).
    In the full year ended December 31, 2021:

    Total revenues increased by 7.2% year-over-year to RMB31.24 billion (US$4.90 billion).
    Online music service revenues grew by 22.7% year-over-year. Revenues from music subscriptions were RMB7.33 billion (US$1.15 billion), representing 31.9% year-over-year growth.
    Net profit of the Company was RMB3.22 billion (US$505 million) and net profit attributable to equity holders of the Company was RMB3.03 billion (US$475 million).
    Non-IFRS net profit of the Company[1] was RMB4.33 billion (US$680 million) and Non-IFRS net profit attributable to equity holders of the Company[1] was RMB4.15 billion (US$651 million).
  2. forum rang 8 Hopper58 22 maart 2022 05:31
    Gross profit enorm verlaagd door hogere prijs voor content in social entertainment services. Prijs aangerekend door Tencent Holding?

    "Gross profit for the fourth quarter of 2021 decreased by 18.7% to RMB2.19 billion (US$344 million) from RMB2.70 billion in the same period of 2020. Gross margin for the fourth quarter of 2021 decreased by 3.6% to 28.8% from 32.4% in the same period of 2020. This decrease in gross margin was primarily due to the increase in revenue sharing ratio for social entertainment services and a shift in the revenues mix, with revenue from online music, which typically has a lower gross margin, accounting for a higher percentage of revenue."

    Bovendien is de belasting vermeerderd van zo'n 5 naar 11 %
    Bovendien meer kosten voor productontwikkeling.
  3. forum rang 8 Hopper58 22 maart 2022 07:41
    Reuters lijkt positief:

    "Tencent Music social entertainment services slump overshadows upbeat quarter
    Reuters

    March 21 (Reuters) - China's Tencent Music (TME.N) will pursue a secondary listing of its shares on the Hong Kong Stock Exchange, the company said on Monday, after reporting a 15% fall in revenue at its mainstay social entertainment services business.

    While most of Tencent Music users are in its music streaming unit, social entertainment services including karaoke platforms where people can live stream concerts and shows are its biggest revenue drivers.

    Revenue from social entertainment services and others fell 15.2% to 4.73 billion yuan ($742 million), while paying users in the social entertainment category slumped 16.7%.

    The weakness was wrought by stiff competition from rivals and the changing macro environment, Executive Chairman Cussion Pang said in a statement on Monday.

    A resumption of in-person events in the quarter after COVID-19 receded in the country was expected to weigh on the company's results, according to analysts.

    The results come against the backdrop of China's intense regulatory crackdown on local tech firms and threats of U.S. penalties if Beijing supports Moscow in its invasion of Ukraine. read more

    In a bright spot, Tencent Music's online music services business posted revenue growth of 4.3%. Total revenue of the Tencent Holdings-controlled (0700.HK) company fell 8.7% to 7.61 billion yuan, in line with market estimates, according to Refinitiv data.

    Excluding items, the company earned 0.50 yuan per ADS, meeting analysts' expectations.

    In an earnings call on Tuesday, Chief Executive Officer Ross Liang said the company would going forward "try out a lot of things" in the metaverse, a concept aimed at further blurring the online and offline worlds.

    Besides pushing concerts and karaoke rooms in the metaverse, Liang said the company was developing a metaverse music app that could be released at the end of this year.

    Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath, Bernard Orr
  4. forum rang 8 Hopper58 22 maart 2022 15:15
    TipRanks op MarketWatch:

    "Tencent Music Drops 2.8% Following Mixed Q4 Results
    Sheryl Sheth

    Mar 22, 2022, 10:02 AM

    Tencent Music Entertainment Group (TME) delivered mixed fourth-quarter results, with earnings beating and revenue missing estimates. Shares fell 8.1% during intraday trading and continued its downward spiral during the extended trading session falling 2.8%, following the news.

    China-based Tencent Music is a music streaming services platform. In Q4, the company’s online music paying users leaped 36.1% year-over-year to a record 76.2 million, but online music mobile monthly active users (MAUs) declined 1.1% year-over-year.

    However, compared to the prior-year period, its social entertainment segment witnessed a huge downfall in both paying users of 16.7% and mobile MAUs of 21.5%.

    Government overhaul, U.S. – China trade tensions, the ongoing Russia-Ukraine warm coupled with stiff competition and fears of delisting have all weighed down on the company’s share performance. The TME stock has lost almost 85% over the past year and 32% year-to-date.

    The company also announced plans to pursue its secondary listing on the Main Board of the Hong Kong stock exchange “to provide our shareholders with greater liquidity and protection amid an evolving regulatory environment.” TME is undertaking a listing by way of introduction, which means no additional shares will be issued leading to a dilution of equity.

    Mixed Q4 Results
    TME’s quarterly revenue of $1.19 billion fell short of analyst estimates of $1.23 billion. What’s worse, it even declined 8.7% compared to the prior-year period.

    On a positive note, TME’s Q4 adjusted earnings came in one cent higher than analyst estimates at $0.08 per American Depositary Shares (ADS). However, the figure was lower than the Q4FY20 figure of $0.12 per ADS.

    In Q4, TME’s online music services revenue jumped 4.3% year-over-year, and revenue from music subscriptions came in at $306 million, mainly from an increase in paying users.

    For the full year fiscal 2021, TME’s adjusted earnings stood at $0.39 per share and revenue advanced 9.6% annually to $4.90 billion.

    Executive Comments
    Happy with the company’s results, Executive Chairman of TME, Cussion Pang, said, “While fourth quarter social entertainment revenues moderated amid increasing competition and changing macro environment, our subscription revenues sustained strong growth. We added 5.0 million net paying users by continuing to provide high-quality music content, an exceptional streaming experience, and diverse, industry-leading platform features.”

    Analysts’ View
    Responding to TME’s results, Morgan Stanley analyst Alex Poon lowered the price target on the TME stock to $5 (7.5% upside potential) from $6, but maintained a Hold rating.

    Overall, the stock has a Hold rating with five Holds and one Sell. The average Tencent Music Entertainment price target of $5.72 implies 23% upside potential to current levels."
  5. forum rang 8 Hopper58 23 maart 2022 03:47
    The Motley fool op MarketWatch:

    "Why Tencent Music Entertainment Was Surging Today
    By Billy Duberstein - Mar 22, 2022 at 4:43PM

    Ironically, earnings came up short. So why is the stock rising?
    What happened
    Shares of Chinese music streaming service Tencent Music Entertainment ( TME 9.68% ) were rising on Tuesday, up 9.7% on the day as of the end of trading.

    Tencent Music reported earnings last night, and you would think by the market's reaction that the company beat expectations. But it didn't -- rather, today's move seemed to reflect a broader pro-China stock rally, as many of Tencent Music's internet peers also soared today.

    So what
    In the fourth quarter, Tencent Music posted a revenue decline of 8.7% to $1.2 billion, missing expectations, while adjusted (non-GAAP) earnings per share of $0.08 came in line with expectations. It appears a combination of economic reopening and China's crackdown on monopolistic companies, which affected Tencent Music's exclusivity contracts with publishers, may have had an impact on results.

    There were some silver linings, however. Notably, Tencent Music posted an increase in paying subscribers to its music streaming services, which were up 36.1% year over year. The problem is that users of its social entertainment services, which is essentially tipping for online karaoke and other performances, saw users fall 16.7% in the quarter. While there are many more online music subscribers, Tencent Music makes much more money per user in social entertainment, so the decline there was enough to offset gains in paying subscribers.

    Management also said it was pursuing a listing on the Hong Kong Stock Exchange. That may alleviate some concerns over potential delisting, which have come to the forefront in recent weeks as the Securities and Exchange Commission began flagging U.S.-listed Chinese companies for noncompliance with the Holding Foreign Companies Accountable Act, or HFCAA.

    However, many Chinese tech stocks were moving higher in Tuesday's action, after market bellwether Alibaba ( BABA 11.01% ) announced it would increase its share repurchase program from $15 billion to $25 billion. That signaled confidence on the part of Alibaba that its stock is cheap, so many other beaten-down Chinese tech stocks soared on the news.

    Now what
    No one likes to see declining growth, especially in a technology company like Tencent Music. However, it may get a pass because of recent macroeconomic struggles in China, as well as the reopening, which could punish "stay-at-home" stocks like Tencent Music that are lapping difficult comparisons.

    Still, after the rout in Chinese tech stocks, Tencent Music trades at a very undemanding 15 times trailing earnings.

    Amid the market turmoil, the Chinese government has also indicated it would be pursuing pro-growth policies and loosening its monetary posture in recent weeks. That's in stark contrast to the U.S., which is tightening amid high inflation.

    While geopolitical risks have decimated Chinese stocks recently, Chinese tech stocks are generally very cheap. For those willing to bet on an improvement in the political relationship between China and the U.S., or at least that it doesn't get worse, Chinese internet stocks could be a promising contrarian bet. Just be aware of the risks, and size positions accordingly."
  6. forum rang 8 Hopper58 16 mei 2022 07:20
    15.05.2022 07:01

    Tencent Music Entertainment Group (A) American Depositary Share Repr 2 A wird am 16.05.2022 die Geschäftsergebnisse zum jüngsten Jahresviertel vorstellen.

    11 Analysten schätzen im Schnitt, dass Tencent Music Entertainment Group (A) American Depositary Share Repr 2 A im jüngsten Jahresviertel einen Gewinn von 0,070 USD je Aktie erwirtschaftet hat. Im Vorjahresviertel waren es noch 0,042 USD je Aktie gewesen.

    Beim Umsatz für das abgelaufene Quartal erwarten 12 Analysten eine durchschnittliche Verringerung von 15,81 Prozent auf 1,03 Milliarden USD. Ein Jahr zuvor war ein Umsatz von 1,22 Milliarden USD erwirtschaftet worden.

    Beim Ausblick auf das Fiskaljahr belaufen sich die Schätzungen von 22 Analysten im Schnitt auf einen Gewinn je Aktie von 0,291 USD, gegenüber 0,283 USD je Aktie im Vorjahr. Auf der Umsatzseite prognostizieren 23 Analysten im Durchschnitt 4,56 Milliarden USD, nachdem im Vorjahr 4,91 Milliarden USD generiert worden waren.

    Redaktion finanzen.net"

    www.finanzen.net/nachricht/aktien/aus...
  7. forum rang 4 tmaster 29 juli 2022 22:47
    Ik zit ner nog wel in met 400 stuks en gemiddeld 5.50 dollar. Zit me wel af te vragen wat er gebeurd bij een delisting.
    Alibaba en nog zo'n 400 andere chineze bedrijven die in amerika genoteerd staan dreigen te worden gelist van vanwege het niet volgen van SEC boekhoudkundige regels (Volgens SEC moet men de boeken kunnen controleren wat uiteraard niet mag volgens chineze wetgeving)
    De wet is van 2020 en bedrijven hebben 3 jaar om aan die wet te voldoen (lees hun boeken te laten controleren) Ergens in 2023 kunnen al deze bedrijven dus uit de nasdaq en andere Amerikaanse indices verwijderd worden. Ik denk, hoop dat er nog een last minute oplosing komt. Er zal vast nog wel overleg komen tussen de VS en China.
  8. Mill91 23 augustus 2022 16:01
    quote:

    Snovkov schreef op 28 juni 2022 17:11:

    Wie zit er nog in? En komen we ooit nog terug op bijna 11 Euro (mijn aankoopprijs). Hebben we de bodem gehad? Weet iemand of er positieve berichten zijn die ons de komende tijd omhoog kunnen helpen? Thanks, Snovkov
    Ik...970 stuks op 16,50. Meest onmogelijk *** aandeel ooit!
  9. Mill91 10 oktober 2022 17:04
    quote:

    Snovkov schreef op 10 oktober 2022 16:19:

    Ik -50% :(
    Ik verkoop voorlopig nog niet
    Vraag me wel oprecht af of dit ooit nog goed gaat komen
    Nou, dat vraag ik me al 1,5 jaar af...
    Hoeveel is jouw GAK met x-aantal aandelen?

    Ben blij dat ik mijn GAK 16,5 x 970 aandelen niet verlaagd heb.
    Dit is prullenbakwerk!
540 Posts
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