HK Movers | Movies & Entertainment Shares Jump. Netease Music up 7% to New High; Tencent Music up 2%

Tiger Newspress

06-12

Movies & entertainment shares jumped on Thursday. Netease Music up 7% to a record new high; Tencent Music up 2%.

Tencent Music reached a merger agreement with Ximalaya, which is in line with TME-SW's investment strategy to strengthen its content ecosystem, and potentially enhancing its content offering in the long-form audio area, according to Nomura's research report.

Nomura raised its FY2026 revenue/ EPS forecasts for TME-SW by 20%/ 4% each, with rating kept at Buy, and lifted its target price for TME-SW's US stock from US$17.2 to US$21.5, corresponding to a FY2026 projected PE ratio of 22x and an estimated FY2025-FY2027 earnings CAGR of 22%.

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Netease Music up 7% to New High; Tencent Music up 2%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2025-06-12 11:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>Movies &amp; entertainment shares jumped on Thursday. <a href=\"https://laohu8.com/S/09899\">Netease Music</a> up 7% to a record new high; <a href=\"https://laohu8.com/S/01698\">Tencent Music</a> up 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3cb9f70efa432a3672ed19239995c683\" tg-width=\"1170\" tg-height=\"1171\"/></p><p><a href=\"https://laohu8.com/S/01698\">Tencent Music</a> reached a merger agreement with Ximalaya, which is in line with TME-SW&#39;s investment strategy to strengthen its content ecosystem, and potentially enhancing its content offering in the long-form audio area, according to Nomura&#39;s research report.</p><p>Nomura raised its FY2026 revenue/ EPS forecasts for TME-SW by 20%/ 4% each, with rating kept at Buy, and lifted its target price for TME-SW&#39;s US stock from US$17.2 to US$21.5, corresponding to a FY2026 projected PE ratio of 22x and an estimated FY2025-FY2027 earnings CAGR of 22%.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01003","symbol_name":"歡喜傳媒","start_time":0,"source_url":"","article_id":"1163928932","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163928932","pubTimestamp":1749698424,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Movies & entertainment shares jumped on Thursday. $Netease Music$ up 7% to a record new high; $Tencent Music$ up 2%.$Tencent Music$ reached a merger agreement with Ximalaya, which is in line with TME-SW's investment strategy to strengthen its content ecosystem, and potentially enhancing its content offering in the long-form audio area, according to Nomura's research report.Nomura raised its FY2026 revenue/ EPS forecasts for TME-SW by 20%/ 4% each, with rating kept at Buy, and lifted its target p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01003":"欢喜传媒","01060":"大麦娱乐","08172":"拉近网娱","01970":"IMAX 中国","01896":"猫眼娱乐"},"translate_title":"香港搬家公司电影娱乐公司股价上涨。网易音乐涨7%创新高；腾讯控股音乐上涨2%","themeId":"d1e9da8983502a4b3ed88ad7cb8302ab","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01003":1.1,"01060":1.1,"01896":1.1,"01970":1.1,"08172":1.1},"content_text":"Movies & entertainment shares jumped on Thursday. 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