Tencent Music HK shares hit near 5-month high ahead of results statement

Tencent Music Entertainment

11/08/2026 07:04

** Hong Kong shares of Tencent Music Entertainment Group 1698.HK climb as much as 8.7% in the second rising session to HK$40.88, their highest since March 20
** U.S.-listed stock TME.N rose 3.9% on Monday
** Chinese online music and audio entertainment platform is expected to show a rise in quarterly revenue when it reports results on August 11 for the period ending June 30
** The company is expected to report a 4% increase in revenue to 8.778 billion yuan ($1.3 billion) for the second quarter, according to the mean estimate from 9 analysts, based on LSEG-compiled data
** YTD, Hong Kong stock down 44.5%, U.S.-listed shares down 43.5%, Hang Seng TECH Index .HSTECH down 12.1%

($1 = 6.7443 yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))