Stock Track | Tencent Music Soars 5.02% on Nomura's Buy Rating and China's Market Support Measures

Stock Track04-08

Tencent Music Entertainment Group (TME) saw its stock soar 5.02% in pre-market trading on Tuesday, buoyed by positive analyst coverage and broader support for Chinese stocks. The surge comes as investors react to new analyst ratings and China's efforts to stabilize its financial markets.

Nomura initiated coverage on Tencent Music with a Buy rating and a price target of $17.20, signaling strong confidence in the company's prospects. According to FactSet, the consensus among analysts is a Buy rating with a mean price target of $16.38, suggesting potential upside for the stock.

Adding to the positive sentiment, China's central bank announced its support for state-backed funds buying local stocks to stabilize the market. The People's Bank of China stated it would provide funding aid to Central Huijin Investment Ltd. when necessary, aiming to safeguard capital market stability. This move has led to a broader rally in Chinese ADRs and ETFs, with many seeing significant gains in overnight trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174461108?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-08 21:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174461108","market":"hk","top_or_hot":-1,"title":"Stock Track | Tencent Music Soars 5.02% on Nomura's Buy Rating and China's Market Support Measures","media":"Stock Track","content":"<p>Tencent Music Entertainment Group (TME) saw its stock soar 5.02% in pre-market trading on Tuesday, buoyed by positive analyst coverage and broader support for Chinese stocks. The surge comes as investors react to new analyst ratings and China's efforts to stabilize its financial markets.</p>\n\n<p>Nomura initiated coverage on Tencent Music with a Buy rating and a price target of $17.20, signaling strong confidence in the company's prospects. According to FactSet, the consensus among analysts is a Buy rating with a mean price target of $16.38, suggesting potential upside for the stock.</p>\n\n<p>Adding to the positive sentiment, China's central bank announced its support for state-backed funds buying local stocks to stabilize the market. The People's Bank of China stated it would provide funding aid to Central Huijin Investment Ltd. when necessary, aiming to safeguard capital market stability. This move has led to a broader rally in Chinese ADRs and ETFs, with many seeing significant gains in overnight trading.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Tencent Music Soars 5.02% on Nomura's Buy Rating and China's Market Support Measures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tencent Music Soars 5.02% on Nomura's Buy Rating and China's Market Support Measures\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-04-08 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent Music Entertainment Group (TME) saw its stock soar 5.02% in pre-market trading on Tuesday, buoyed by positive analyst coverage and broader support for Chinese stocks. The surge comes as investors react to new analyst ratings and China's efforts to stabilize its financial markets.</p>\n\n<p>Nomura initiated coverage on Tencent Music with a Buy rating and a price target of $17.20, signaling strong confidence in the company's prospects. According to FactSet, the consensus among analysts is a Buy rating with a mean price target of $16.38, suggesting potential upside for the stock.</p>\n\n<p>Adding to the positive sentiment, China's central bank announced its support for state-backed funds buying local stocks to stabilize the market. The People's Bank of China stated it would provide funding aid to Central Huijin Investment Ltd. when necessary, aiming to safeguard capital market stability. This move has led to a broader rally in Chinese ADRs and ETFs, with many seeing significant gains in overnight trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TME","symbol_name":"腾讯音乐","start_time":0,"source_url":"","article_id":"1174461108","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174461108","pubTimestamp":1744119305,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tencent Music Entertainment Group  saw its stock soar 5.02% in pre-market trading on Tuesday, buoyed by positive analyst coverage and broader support for Chinese stocks. The surge comes as investors react to new analyst ratings and China's efforts to stabilize its financial markets.Nomura initiated coverage on Tencent Music with a Buy rating and a price target of $17.20, signaling strong confidence in the company's prospects. According to FactSet, the consensus among analysts is a Buy rating wit","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TME":"腾讯音乐"},"translate_title":"股票赛道腾讯控股音乐大涨5.02%野村买入评级和中方护市措施","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TME":1},"content_text":"Tencent Music Entertainment Group (TME) saw its stock soar 5.02% in pre-market trading on Tuesday, buoyed by positive analyst coverage and broader support for Chinese stocks. The surge comes as investors react to new analyst ratings and China's efforts to stabilize its financial markets.\nNomura initiated coverage on Tencent Music with a Buy rating and a price target of $17.20, signaling strong confidence in the company's prospects. According to FactSet, the consensus among analysts is a Buy rating with a mean price target of $16.38, suggesting potential upside for the stock.\nAdding to the positive sentiment, China's central bank announced its support for state-backed funds buying local stocks to stabilize the market. The People's Bank of China stated it would provide funding aid to Central Huijin Investment Ltd. when necessary, aiming to safeguard capital market stability. This move has led to a broader rally in Chinese ADRs and ETFs, with many seeing significant gains in overnight trading.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174461108","isCrawlerRequest":true}