TME NYSE Week ended 24 Jul 2026

Weekly Investor Report

Tencent Music Entertainment Group · Communication Services · Internet Content & Information

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Latest close 8.86 USD
-2.9% latest week
Weekly setup

Mixed setup

The weekly trend is not active. Price is -22.6% below the Trend Line and sits at 5.1% of its 52-week range. The latest completed week returned -2.9%, after a 5.6% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is inexpensive relative to peers. Options positioning is bullish with 33/100 conviction, while the latest news-sentiment score is 56/100. Near-term considerations: volume confirmation is below normal; earnings are due in 13d.

Setup score 28 out of 100
Latest Close 8.86 USD 24 Jul 2026
1W Return -2.9% latest completed week
4W Return 5.6% short-term follow-through
12W Return -2.6% quarterly tape
Trend Breadth 30.8% 16 of 52 weeks active
Volume Ratio 0.5x vs 13-week average
What is working
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • Activity pressure is weak, so confirmation is not yet broad enough.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -2.9% Latest completed week; four-week move 5.6%. Indicator stack 17/56 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Bullish 33/100 conviction; expected move 13.3%. News sentiment 56/100 56 relevant articles in the latest sentiment read. Event risk 13d Next report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -22.6% below the Trend Line and sits at 5.1% of its 52-week range. The latest completed week returned -2.9%, after a 5.6% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.5x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.0412-week average 0.02

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure7/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.04Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 5.6% over four weeks, -2.6% over 12 weeks, and -57.3% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W-2.9%
4W5.6%
12W-2.6%
26W-45.9%
52W-57.3%
Active trend streak0 weeks
Active weeks in one year16
Trend breadth30.8%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.36Latest activity-pressure read.
Pressure change-4.5%Four-week change in activity pressure.
Leadership-48.15Latest relative-leadership reading.
RS change9.8%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is inexpensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Dec 2025 Field coverage 100% Model confidence 96%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength89/100Blend of value, momentum, and quality. Underlying universe rank 12; rank 1 is best.
Value100/100Relative valuation strength. Underlying universe rank 1; rank 1 is best.
Quality96/100Profitability and accounting quality. Underlying universe rank 5; rank 1 is best.
Momentum4/100Medium-term price momentum. Underlying universe rank 97; rank 1 is best.
Growth73/100Revenue and earnings growth. Underlying universe rank 28; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
1.7x
Price divided by trailing earnings.
Price / sales
0.4x
Market value relative to trailing revenue.
EV / EBITDA
0.3x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
390.4%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
57.0%
Gross profit retained from each unit of revenue.
Operating margin
41.2%
Operating profit retained from revenue.
Free-cash-flow margin
45.1%
Free cash flow generated from revenue.
Return on invested capital
18.2%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
12.1%
Latest one-year revenue growth.
EPS growth
-10.2%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
40.7%
Latest one-year free-cash-flow growth.
Piotroski F-score
8/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
2.7%
Cash dividends relative to market value.
Buyback yield
2.7%
Net share repurchases relative to market value.
Shareholder yield
5.4%
Dividend yield plus net buyback yield.
Net debt / EBITDA
-0.9x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBullish

TME shows bullish options pressure with a 33/100 conviction score, put-call volume ratio of 0.52, expected move of 13.3%, and Sharemaestro trend signal inactive.

Conviction33/100
Expected move13.3%
Put/call volume0.52
Pressure32
Speculation24
Volatility76
Trend agreement24
Open options detail
Insider activity-

No recent insider transactions are stored for this company.

News sentiment56/100

Weighted news tone is neutral across 56 relevant articles.

18 positive · 36 neutral · 2 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings13dNext report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
Options expected move13.3%Nearest-chain priced movement where available.
52-week drawdown-65.9%Distance below the 52-week high.
13-week volatility3.9%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher10 of 2616 weeks finished lower.
Best week+7.7%Week of 17 Apr.
Worst week-28.9%Week of 20 Mar.
Latest week-2.9%Week of 24 Jul.

Shape of recent returns

Strong gains4
Modest gains6
Flat weeks0
Modest losses9
Sharp losses7
Recent vol3.9%13-week weekly-return volatility.
Base vol5.9%52-week weekly-return volatility.
Up/down split19/33Count of positive and negative weeks in the 52-week window.
Average skew3.5% / -4.3%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape24/100

Trend, activity pressure, participation, and risk combine to a 24/100 tape read.

 Indicator analysis21/100

Latest 12-week confirmation: trend 0/12, activity pressure 7/12, relative leadership 0/12.

Activity pressure 0.04; No reversal markers Factors74/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 19; Small Cap Core rank 2 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options45/100

TME shows bullish options pressure with a 33/100 conviction score, put-call volume ratio of 0.52, expected move of 13.3%, and Sharemaestro trend signal inactive.

Bullish · Call-side pressure · Expected move 13.3% Sentiment56/100

Weighted news tone is neutral across 56 relevant articles.

Why Tencent Music (TME) Is Up 6.5% After Jay Chou Blockbuster Exclusive Shatters ¥100M Mark Insiders50/100

No recent insider transaction evidence is stored.

 Earnings13d

Next report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 20268.86 USD-2.9%11.45 USD12.74 USD0.36-48.1522.7MOff
17 Jul 20269.12 USD2.7%11.72 USD12.73 USD0.39-47.8530.4MOff
10 Jul 20268.88 USD2.9%12.00 USD12.71 USD0.33-50.8724.5MOff
3 Jul 20268.63 USD2.9%12.29 USD12.70 USD0.39-52.3427.2MOff
26 Jun 20268.39 USD-3.9%12.61 USD12.69 USD0.38-53.3741.8MOff
19 Jun 20268.73 USD-5.3%12.93 USD12.68 USD0.31-53.3356.1MOff
12 Jun 20269.22 USD1.5%13.23 USD12.67 USD0.17-50.9671.8MOff
5 Jun 20269.08 USD-1.5%13.54 USD12.66 USD-0.20-52.0954.9MOff
29 May 20269.22 USD4.7%13.92 USD12.65 USD-0.50-53.1751.5MOff
22 May 20268.81 USD4.0%14.34 USD12.64 USD-0.79-55.1377.5MOff
15 May 20268.47 USD-8.3%14.79 USD12.62 USD-0.97-57.0559.3MOff
8 May 20269.24 USD1.5%15.24 USD12.62 USD-0.99-53.5948.7MOff
1 May 20269.10 USD-2.6%15.66 USD12.60 USD-1.08-53.6135.0MOff
24 Apr 20269.34 USD-7.3%16.10 USD12.59 USD-1.09-52.3538.1MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.