NYSE:TMEEntertainment
Tencent Music Entertainment Group (NYSE:TME) Valuation After Stimulus Driven Share Price Jump
Tencent Music Entertainment Group (NYSE:TME) jumped 15.7% after China announced its largest stimulus package since the pandemic. The measures include interest rate cuts and looser mortgage rules that lifted sentiment toward Chinese consumer tech names.
See our latest analysis for Tencent Music Entertainment Group.
The latest jump comes after a weaker few months, with a 30 day share price return of a 4.4% decline and a 90 day share price return of a 16.1% decline, even as the 1 year total...