$TME BEARISH INTO EARNINGS, SENTIMENT IN THE DECLINE

The market sentiment towards Chinese stocks is once again very low, restored tariffs can only lead to more pain in these stocks which are often clustered into ETF's. If overall market sentiment was to slip any further in the coming week TME will certainly suffer severe price declines. This is certainly not a stock we would be trading into earnings, but will keep on the wishlist.

Analysts average estimate $18.34
Average recommendation Overweight
6 BUY
6 HOLD

Company Description
Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem.