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Tencent Music Entertainment Group V.TME


Primary Symbol: TME

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.


NYSE:TME - Post by User

Comment by FabCH18on Oct 22, 2013 4:33am
181 Views
Post# 21836054

RE:RE:RE:RE:RE:RE:RE:V.TME and the game

RE:RE:RE:RE:RE:RE:RE:V.TME and the game Why to speak of market manipulation concerning TME ? A starting point is to compare TME to its peers: ER, LEX, AZX, ICG for instance and to a junior index ETF (ZJG here). On a short period of time (3 months) we notice that TME is the most down of them, but on a longer period of time (2 years), TME is fully in line with ZJG and above most of them !  ER and LEX don't have any significant news for months, so they are not doing better than TME these 3 months in relation to any development. I guess one or some big shareholders (the volume is quite high) have completely lost confidence in this general gold market and want to exit at any price, therefore they sell TME without consideration of its particular situation (any profit isn't possible with TME at this stock price unless you bought it end of 2008). Currently the RSI is oversold. Considering the 3 months performance of TME compared to its peers and the RSI, it is reasonable to expect TME outperform its peers during coming months (especially if good news come up). Of course the market can go deeper and TME all along with it...

Cheers,

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