Die (@dieaktionaere) sur getquin

3Année·

Avis pour $TME

76 trading days and -62.54% at the low. 😅

Yes, things are heating up at Tencent Music Entertainment and I don't like your share at all at the moment. Yesterday, only once again new bad news ran over the ticker. 🥲

As is so often the case with Chinese stocks, the government was involved in the latest news. Currently, the company still has exclusive rights with some labels and therefore a big advantage over smaller competitors. However, these "special rights" are to be dissolved. In addition, there is a penalty of around USD 77 billion, which relates to the purchases of two apps (Kuwo and Kuguo) that were not properly reported at first. However, the penalty is said to be milder than originally thought. 😅

Source: Reuters

1 Commentaire

Magnus & Sören von Rainbow Stocks@rainbow_stocks

3Année

The political situation and its further consequences are of course difficult to assess and an incalculable risk. However, regulatory measures have been very frequent in recent years and China will think twice about how far it will continue to regulate its tech giants and whether it wants to potentially lose influence in international technology development. In various calls with Tencent, we have seen very well how strongly Tencent is currently advancing in terms of technology development, especially the video coding technology (Versatile Video Coding (VVC) with which up to 16K resolution will be possible. In principle, Tencent will earn money from every monitor sold in the future that enables this picture quality. No matter if it comes from Apple, Samsung or LG). Operationally, we will still hear a lot from Tencent. If the political situation is too risky for you, you should look at Japanese or Korean stocks if a certain Asian share is important.

•