Tencent Music Likely to Face Headwind in the Near Term -- Market Talk

Dow Jones

03/19

0450 GMT - Tencent Music Entertainment is likely to face headwind in the near term, according to Morningstar's Ivan Su in a research note. The company's guidance points to a deceleration in growth amid competition with ByteDance's Soda Music, Su says. While the analyst believes most paying subscribers are likely to stay on Tencent Music, the management's decision to stop disclosing user metrics on a quarterly basis "adds to fears that the worst is yet to come," the analyst says. Market sentiment on Tencent Music is likely to remain subdued in the near term, Su adds. Morningstar has a fair value estimate of HK$109.00. Shares last traded at HK$41.28. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 00:50 ET (04:50 GMT)

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The company's guidance points to a deceleration in growth amid competition with ByteDance's Soda Music, Su says. While the analyst believes most paying subscribers are likely to stay on Tencent Music, the management's decision to stop disclosing user metrics on a quarterly basis \"adds to fears that the worst is yet to come,\" the analyst says. Market sentiment on Tencent Music is likely to remain subdued in the near term, Su adds. Morningstar has a fair value estimate of HK$109.00. Shares last traded at HK$41.28. 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The company's guidance points to a deceleration in growth amid competition with ByteDance's Soda Music, Su says. While the analyst believes most paying subscribers are likely to stay on Tencent Music, the management's decision to stop disclosing user metrics on a quarterly basis \"adds to fears that the worst is yet to come,\" the analyst says. Market sentiment on Tencent Music is likely to remain subdued in the near term, Su adds. Morningstar has a fair value estimate of HK$109.00. Shares last traded at HK$41.28. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2026 00:50 ET (04:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持倉","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620215639","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620215639","pubTimestamp":1773895800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0450 GMT - Tencent Music Entertainment is likely to face headwind in the near term, according to Morningstar's Ivan Su in a research note. The company's guidance points to a deceleration in growth amid competition with ByteDance's Soda Music, Su says. While the analyst believes most paying subscribers are likely to stay on Tencent Music, the management's decision to stop disclosing user metrics on a quarterly basis \"adds to fears that the worst is yet to come,\" the analyst says. Market sentiment on Tencent Music is likely to remain subdued in the near term, Su adds. Morningstar has a fair value estimate of HK$109.00. Shares last traded at HK$41.28. 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The company's guidance points to a deceleration in growth amid competition with ByteDance's Soda Music, Su says. While the analyst believes most paying subscribers are likely to stay on Tencent Music, the management's decision to stop disclosing user metrics on a quarterly basis \"adds to fears that the worst is yet to come,\" the analyst says. Market sentiment on Tencent Music is likely to remain subdued in the near term, Su adds. Morningstar has a fair value estimate of HK$109.00. Shares last traded at HK$41.28. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2026 00:50 ET (04:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}