TME-SW (01698.HK) +4.350 (+7.931%) Short selling $437.89K; Ratio 1.868% opened up 4.8% today and once surged 11.3% to peak at $61.05. It trades now at $61, mushrooming 11.21%, with a volume of 70,900 shares and a turnover of $4.239 million.
TME's 1Q net profit rose 23.9% YoY to RMB1.422 billion, with earnings of RMB0.46 per share and RMB0.92 per ADS. Non-IFRS net profit increased by 20.8% YoY to RMB1.704 billion. Total revenue for the period decreased by 3% YoY to RMB6.768 billion, of which online music subscription revenue hiked by 39% YoY to RMB3.62 billion. The number of online music paid subscribers elevated by 20.2% YoY to 113.5 million.
TME also declared a dividend of USD6.85 cents per share for the year 2023.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-14 16:25.)
