TME Should I Buy
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Tencent Music Entertainment Group (TME) is not a strong buy at this moment for a beginner investor with a long-term strategy. The technical indicators are bearish, and there are no significant positive catalysts or trading signals to suggest an immediate entry point. While the financial performance is strong, the lack of recent news, neutral trading trends, and a downward pre-market movement indicate that waiting for a more favorable entry point may be prudent.
The technical indicators for TME are bearish. The MACD histogram is negative and contracting, the RSI is neutral at 31.268, and the moving averages show a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading near its support level of 14.396, with resistance levels at 15.344 and 16.291.
Strong financial performance in Q3 2025, with revenue up 20.64% YoY, net income up 36.01% YoY, and EPS up 38.00% YoY. Gross margin also improved by 2.04%.
is also down by 0.66%. Analysts have lowered the price target from $27.50 to $25, citing delays in the Ximalaya deal. No recent news or significant insider/hedge fund trading trends.
In Q3 2025, Tencent Music reported strong growth: Revenue increased to $8.463 billion (up 20.64% YoY), net income rose to $2.153 billion (up 36.01% YoY), and EPS grew to $0.69 (up 38.00% YoY). Gross margin improved to 43.51%, up 2.04% YoY.
Morgan Stanley maintains an Overweight rating but lowered the price target to $25 from $27.50, citing delays in the Ximalaya deal. The bull case valuation was reduced by 17% to $28, while the bear case increased slightly to $16.80.
