Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Tencent Music Entertainment Group    TME

TENCENT MUSIC ENTERTAINMENT GROUP

(TME)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Tencent Music Entertainment Group and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/12/2019 | 06:57pm EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tencent Music Entertainment Group (“Tencent Music” or “the Company”) (NYSE: TME) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Bloomberg reported on August 27, 2019, that Tencent Music is the subject of an investigation by China’s antitrust authority, the State Administration of Market Regulation. The investigation focuses on exclusive licensing deals between the Company and record labels including Sony Music Entertainment. Based on this news, shares of Tencent Music fell by almost 7% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENCENT MUSIC ENTERTAINMEN
10/15TENCENT MUSIC ENTERTAINMENT : Report of foreign issuer rules 13a-16 and 15d-16 o..
PU
10/14TENCENT MUSIC ENTERTAINMENT : Glancy Prongay & Murray Reminds Investors of Loomi..
BU
10/14TENCENT MUSIC ENTERTAINMENT GROUP : to Report Third Quarter 2019 Financial Resul..
PR
10/11SHAREHOLDER ALERT : Robbins Arroyo LLP Reminds Investors Tencent Music Entertain..
BU
10/11DEADLINE REMINDER : The Law Offices of Howard G. Smith Reminds Investors of Loom..
BU
10/10TUNECORE : Brings Independent Artists to Tencent Music in China
PR
10/08GLANCY PRONGAY & MURRAY LLP : Announces the Filing of a Securities Class Action ..
BU
10/07Law Offices of Howard G. Smith Announces the Filing of a Securities Class Act..
BU
10/04GLANCY PRONGAY & MURRAY LLP : Announces Investigation on Behalf of Tencent Music..
BU
10/03Law Offices of Howard G. Smith Announces Investigation on Behalf of Tencent M..
BU
More news
Financials (CNY)
Sales 2019 25 337 M
EBIT 2019 4 271 M
Net income 2019 3 685 M
Finance 2019 21 597 M
Yield 2019 -
P/E ratio 2019 43,4x
P/E ratio 2020 31,3x
EV / Sales2019 5,32x
EV / Sales2020 3,81x
Capitalization 156 B
Chart TENCENT MUSIC ENTERTAINMENT GROUP
Duration : Period :
Tencent Music Entertainment Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TENCENT MUSIC ENTERTAINMEN
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 121,00  CNY
Last Close Price 95,59  CNY
Spread / Highest target 40,3%
Spread / Average Target 26,6%
Spread / Lowest Target 8,31%
EPS Revisions
Managers
NameTitle
Kar Shun Pang Chief Executive Officer & Director
Zhen Yu Xie President, Director & Chief Technology Officer
Tao Sang Tong Chairman
Min Hu Chief Financial Officer
Tak-Wai Wong Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT MUSIC ENTERTAINMENT GROUP2.12%22 075
TENCENT HOLDINGS LIMITED5.15%400 868
NETFLIX2.85%120 536
NASPERS LIMITED-17.88%68 071
COSTAR GROUP, INC.73.83%21 495
SPOTIFY TECHNOLOGY S.A.1.61%20 729