---
title: "UOB Kay Hian Sticks to Their Buy Rating for Tencent Music Entertainment Group Class A (1698)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295689346.md"
description: "UOB Kay Hian analyst Julia Pan maintains a Buy rating on Tencent Music Entertainment Group Class A (1698) with a HK$53.00 price target. This contrasts with the broader analyst consensus, which rates the stock as a Moderate Buy with an average target of HK$54.59."
datetime: "2026-08-12T16:05:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295689346.md)
  - [en](https://longbridge.com/en/news/295689346.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295689346.md)
generator: "portal-rs"
---

# UOB Kay Hian Sticks to Their Buy Rating for Tencent Music Entertainment Group Class A (1698)

In a report released today, Julia Pan from UOB Kay Hian maintained a Buy rating on Tencent Music Entertainment Group Class A, with a price target of HK$53.00.

### Claim 55% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

Pan covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, Inc. Class A, and Kuaishou Technology Class B. According to TipRanks, Pan has an average return of 0.6% and a 43.18% success rate on recommended stocks. 

Currently, the analyst consensus on Tencent Music Entertainment Group Class A is a Moderate Buy with an average price target of HK$54.59.

### Related Stocks

- [TME.US](https://longbridge.com/en/quote/TME.US.md)
- [01698.HK](https://longbridge.com/en/quote/01698.HK.md)
- [U11.SG](https://longbridge.com/en/quote/U11.SG.md)
- [00700.HK](https://longbridge.com/en/quote/00700.HK.md)
- [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md)
- [09888.HK](https://longbridge.com/en/quote/09888.HK.md)
- [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md)
- [01024.HK](https://longbridge.com/en/quote/01024.HK.md)
- [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md)
- [80700.HK](https://longbridge.com/en/quote/80700.HK.md)
- [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md)
- [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md)
- [89888.HK](https://longbridge.com/en/quote/89888.HK.md)
- [81024.HK](https://longbridge.com/en/quote/81024.HK.md)

## Related News & Research

- [1,094,729 Shares in Tencent Music Entertainment Group Sponsored ADR $TME Acquired by Pale Fire Capital SE](https://longbridge.com/en/news/297896204.md)
- [Public Employees Retirement System of Ohio Invests $21.97 Million in Tencent Music Entertainment Group Sponsored ADR $TME](https://longbridge.com/en/news/297421269.md)
- [How Is Comcast’s Stock Performance Compared to Other Communication Stocks](https://longbridge.com/en/news/297602530.md)
- [Canaccord Genuity Sticks to Its Buy Rating for ACG Metals Limited Class A (ACG)](https://longbridge.com/en/news/297804740.md)
- [Zoom CEO Eric Yuan disposes of Zoom common shares worth $1.2 million](https://longbridge.com/en/news/297956285.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**