CMB International Capital: First grants Tencent Music - SW (01698.HK) a "strongly recommended" rating.

According to the Wise Finance and Economics App, CMB Securities released a research report stating that it has initiated coverage on Tencent Music-SW (01698.HK) for the first time, giving it a "strong buy" rating. The company is expected to achieve revenues of 31 billion, 34.4 billion, and 37.6 billion yuan in 2025, 2026, and 2027 respectively, with adjusted net profits attributable to shareholders reaching 8.9 billion, 10 billion, and 11 billion yuan.