Tencent Music's performance fell by more than 18% after the earnings, the company responded: may be due to different market views on its operational pace

Zhitong
2024.08.14 14:13

In the afternoon of August 14th, Hong Kong stock entertainment stocks continued to decline, with Tencent Music falling more than 18% and Emperor Entertainment Group falling more than 6%. Regarding whether the decline in stock prices is related to their performance, a journalist called Tencent Music as an investor. The relevant staff stated that the company's performance in the second quarter of 2024 is in line with market expectations, and some reactions in the current market may reflect different opinions on certain operational rhythms of the company

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.