Yamato published a report indicating that Tencent Music's profit for the first quarter was 10% higher than market expectations, while gross margin was higher than expected and operating expenses were lower than expected. For the first time, the Group declared an annual dividend of 0.0685 US dollars per common share, or 0.137 US dollars per ADS, which meant that the non-US GAAP profit dividend ratio of 26% and the dividend rate of 1% last year further strengthened shareholder returns. Yamato indicated that due to better-than-expected user growth and lower operating costs, Tencent Music's revenue forecast for the 2024-2026 fiscal year was raised by 3 to 5%, and the earnings forecast per share was raised by 8 to 12%. The bank reaffirmed its “buy” rating and raised its target price for H shares from HK$49 to HK$60.
大和发表报告指腾讯音乐第一季盈利较市场预期高出10%而毛利率高过预期营运支出低于预期。集团首次宣派年度股息每股普通股派发0.0685美元即每ADS派发0.137美元意味着去年非美国通用会计准则盈利派息比率26%股息率1%进一步加强股东回报。大和指由于用户增长好于预期且营运成本较低将腾讯音乐2024至2026财年收入预测上调3至5%每股盈利预测上调8至12%。该行重申其“买入”评级并将H股目标价由49港元上调至60港元。
Yamato published a report indicating that Tencent Music's profit for the first quarter was 10% higher than market expectations, while gross margin was higher than expected and operating expenses were lower than expected. For the first time, the Group decl
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.