[ET Net News Agency, 23 January 2024] Daiwa raised its target price for TME (01698) to
HKD40 from HKD38.9 and maintained its "buy" rating.
The research house said it views the recent share-price volatility related to concerns
of paying-user retention as a good buying opportunity.
It raises 2023-25 EPS forecasts by 1-2% on higher music GPM assumptions. (RC)