---
title: "Orient Securities Sticks to Its Buy Rating for Tencent Music Entertainment Group Class A (1698)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286898534.md"
description: "Orient Securities has reaffirmed its Buy rating for Tencent Music Entertainment Group Class A (1698), setting a price target of HK$52.39. The stock closed at HK$34.24, with a consensus price target of HK$55.67, indicating a potential upside of 62.59%. Goldman Sachs also maintains a Buy rating with a target of HK$59.00."
datetime: "2026-05-19T10:47:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286898534.md)
  - [en](https://longbridge.com/en/news/286898534.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286898534.md)
---

# Orient Securities Sticks to Its Buy Rating for Tencent Music Entertainment Group Class A (1698)

In a report released yesterday, from Orient Securities maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$52.39. The company’s shares closed today at HK$34.24.

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Tencent Music Entertainment Group Class A has an analyst consensus of Moderate Buy, with a price target consensus of HK$55.67, implying a 62.59% upside from current levels. In a report released on May 12, Goldman Sachs also maintained a Buy rating on the stock with a HK$59.00 price target.

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