Morgan Stanley lowers Tencent Music (TME.US) target price to $10.50, maintains 'in line with the market' rating.

Morgan Stanley released a report, raising its subscription revenue forecasts for Tencent Music (01698.HK) by 11% to 16% for the years 2026 to 2028 to incorporate revenue contributions from Himalaya starting in the next quarter, partially offset by downward revisions to advertising and social entertainment revenue due to competition from Qishui Music. The firm also raised its gross margin forecast by 1.5 to 1.8 percentage points, reflecting Himalaya’s higher gross margins. Morgan Stanley lowered its EPS estimates for Tencent Music for 2026–2028 by 4.2%, 3.8%, and 5.8%, respectively, primarily reflecting dilution from new shares issued in connection with the acquisition. However, benefits from the acquisition are being offset by weakening core business performance.

AASTOCKSJul 22 12:06

Full-scale counteroffensive! Hong Kong-listed AI stocks surge back—has the correction ended?

Just moments ago, the market staged a major rally!

China Securities JournalJul 21 12:10

On-site Coverage of the World Artificial Intelligence Conference: Fund Managers Survey Three Key Areas

The strongest signal emerging from this year’s exhibition is that AI is rapidly moving beyond 'concept demonstrations' and into the physical world—many of the new products showcased are no longer lab prototypes but mature, mass-producible, and deployable solutions.

China Securities JournalJul 20 21:16

Bandwidth, Deutsche Telekom Lead Communication Services Quant Picks Ahead of Q2 Earnings

Seeking AlphaJul 18 00:35

World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record

In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.

wallstreetcnJul 17 06:40

Chow Tai Fook Life Insurance has entered into a long-term strategic partnership with Tencent Music (01698.HK).

Chow Tai Fook Life Insurance announced that it has become the first insurance company in Hong Kong to enter into a long-term strategic cooperation agreement with Tencent Music (01698.HK) to bring the 2026 TIMA International Music Awards to Hong Kong. The event will be held in Hong Kong for the first time this year, taking place over two consecutive days on August 22 and 23, presenting a global music celebration that transcends language, geography, and culture. Yip Man Kit, Executive Director and Chief Executive Officer of Chow Tai Fook Life Insurance, stated that the company is honored to establish a long-term strategic partnership with Tencent Music Entertainment Group, aligning with its mission to 'create new value in insurance.'

AASTOCKSJul 16 15:33