Previous close | 2.6700 |
Open | 2.6700 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 13.00 |
Expiry date | 2024-10-18 |
Day's range | 2.6700 - 2.6700 |
Contract range | N/A |
Volume | |
Open interest | 417 |
Tencent and its controlled entity Tencent Music will buy the stake through a combination of cash and a minority stake in music streaming app JOOX Thailand, valuing GMM Music at $700 million. In July 2023, GMM Music's parent company GMM Grammy approved a plan for spinning off the music unit and listing it on the Stock Exchange of Thailand. The deal will help GMM Music expand its business and fund innovation, the company said.
Tencent Music Entertainment Group (TME) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Tencent Music Entertainment Group Sponsored ADR (TME) have what it takes to be a top stock pick for momentum investors? Let's find out.