Bank of America Securities released a research report stating that it reaffirmed the Tencent Music-SW (01698.HK) “buy” rating, and the target price was raised from HK$51 to HK$71. The Group's comprehensive content ecosystem and diverse user coverage have further boosted its share growth in China. In addition, structural changes in the cost of the music business and the optimization of the combination of authorized products and internal products also provided upward space for its profit growth.
美银证券：重申腾讯音乐-SW(01698.HK)“买入”评级 目标价上调至71港元
Bank of America Securities: Reiterates Tencent Music-SW (01698.HK) “Buy” Rating Target Price Increase to HK$71
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