[ET Net News Agency, 15 January 2025] BOCI lowered the target price for TME (01698) to
HKD51 from HKD56.1 and maintained the "buy" rating.
The research house said for 4Q24, it estimates music revenue will grow 14% YoY to
RMB5.7bn, with music subs and music non-subs revenue logging 17% YoY and 9% YoY
respectively. (rc)