Tencent Music Entertainment Group Price Target Updated

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Tencent Music Entertainment Group Price Target Updated

kookiz
2023-03-22

The power for creating a better future is contained in the present moment: you create a good future by creating a good present. The key to financial freedom and great wealth is a person's ability to Convert earned income into passive income.

This is Tencent Music net profit (profit after all expenses), Q3 2023 =$154M.

This is huge profit, that many times companies traded for 70-80$ a share not getting close to it.

Even if Tencent Music was generating only$40M net profit per Qtr, only 8$ a share wouldn't represent that, let alone around$150M quarterly.

Never mind what, TME current share value is amazingly low, in a relation to it real value.
Another good ER, I believe, should take share price parabolic.$Tencent Music(TME)$

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.

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aiyoh79
·2023-03-22
Thanks for the sharing
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Lilian022023
·2023-03-23
thanks for sharing
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PandaTrader
·2023-03-23
K
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Vic_yk
·2023-03-23
👍🏻
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WR38
·2023-03-23
okie
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Alexsj2021
·2023-03-23
Pin
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SpiDeY_UnLtD
·2023-03-23
ok
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Tailwind
·2023-03-23
👌
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JX ONG
·2023-03-23
Ok
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Alupigus
·2023-03-23
K
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syedzaidi
·2023-03-22
ok
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BoloBolo
·2023-03-22
k
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