{"ticker": {"uuid": "e073fd60-febc-41a6-9611-f597c946f944", "symbol": "1698", "name": "Tencent Music Entertainment Group", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "1698 closed the latest completed week at 36.38 HKD. The 4-week return is 7.6% and the 12-week return is -9.9%. Trend Signal is inactive, Market Dynamics is -0.07.", "description": "Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.", "setup_signature": "Risk-first tape", "composite_score": "27", "kpis": [{"label": "Latest Close", "value": "36.38 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "1.3%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "7.6%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-9.9%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "42.3%", "hint": "22 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.6x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Communication Services", "industry": "Internet Content & Information", "currency": "HKD", "market_cap": "118.3B"}, "price": {"trend_line": "52.57 HKD", "fair_value": "51.06 HKD", "vs_trend": "-30.8%", "vs_fair_value": "-28.8%", "high_52": "103.7 HKD", "low_52": "33.12 HKD", "drawdown": "-64.9%", "range_position": "4.6%"}, "momentum": {"returns": [{"label": "1W", "value": 1.337044493757965, "value_label": "1.3%", "tone": "positive", "width": 4}, {"label": "4W", "value": 7.633142237666932, "value_label": "7.6%", "tone": "positive", "width": 21.808977821905522}, {"label": "12W", "value": -9.881980573052498, "value_label": "-9.9%", "tone": "negative", "width": 28.23423020872142}, {"label": "26W", "value": -49.27338164836769, "value_label": "-49.3%", "tone": "negative", "width": 100}, {"label": "52W", "value": -49.762149053131154, "value_label": "-49.8%", "tone": "negative", "width": 100}], "trend_streak": 0, "active_weeks": 22, "active_breadth": "42.3%", "peer": {"scope": "HK Communication Services", "count": 149, "rank": 39, "percentile": 74.32432432432432, "avg_weekly_return": -1.6558321489627839}}, "setup": {"scores": [{"label": "Trend", "value": 23.26923076923077, "value_label": "23", "width": 23.26923076923077, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 58.6624446308867, "value_label": "59", "width": 58.6624446308867, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 56.25075510942031, "value_label": "56", "width": 56.25075510942031, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 24.627351486800784, "value_label": "25", "width": 24.627351486800784, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -2.7373909425000864, "return_label": "-2.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 22.81159118750072}, {"week": "6 Mar", "return": -3.34212206320375, "return_label": "-3.3%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 27.851017193364587}, {"week": "13 Mar", "return": -1.5468669690755112, "return_label": "-1.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 12.89055807562926}, {"week": "20 Mar", "return": -25.138626726246265, "return_label": "-25.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "27 Mar", "return": -5.234563722529062, "return_label": "-5.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 43.62136435440885}, {"week": "3 Apr", "return": -7.204414037698008, "return_label": "-7.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 60.036783647483404}, {"week": "10 Apr", "return": 3.88732676056338, "return_label": "3.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 32.3943896713615}, {"week": "17 Apr", "return": 7.592187972012256, "return_label": "7.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 63.26823310010214}, {"week": "24 Apr", "return": -7.15725806451612, "return_label": "-7.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 59.643817204300994}, {"week": "1 May", "return": -4.7774104234527766, "return_label": "-4.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 39.81175352877314}, {"week": "8 May", "return": 6.613454583041359, "return_label": "6.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 55.11212152534466}, {"week": "15 May", "return": -9.625675955846209, "return_label": "-9.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 80.2139662987184}, {"week": "22 May", "return": 6.035506095725044, "return_label": "6.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 50.29588413104204}, {"week": "29 May", "return": -1.3950892857142856, "return_label": "-1.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.625744047619047}, {"week": "5 Jun", "return": 1.584612337294842, "return_label": "1.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 13.20510281079035}, {"week": "12 Jun", "return": 1.337044493757965, "return_label": "1.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.142037447983043}]}, "groups": {"sector": {"scope": "HK Communication Services", "count": 100, "avg_weekly_return": -1.7316599001480182, "avg_four_week_return": -0.43412356773736943, "avg_twelve_week_return": 11.072979252794827, "trend_breadth": 28.999999999999996, "positive_md_breadth": 48.0, "positive_rs_breadth": 37.0, "week_rank": 28, "four_week_rank": 13, "twelve_week_rank": 64, "top_peers": [{"id": 39883, "symbol": "0524", "name": "Great Wall Terroir Holdings Limited", "exchange": "HKG", "url": "/terminal/2a52aa96-09f2-4336-ad1c-1033d3ccb1b4/report/", "weekly_return": 20.784313725490208, "weekly_return_label": "20.8%", "weekly_return_tone": "positive", "four_week_return": 254.02298850574715, "four_week_return_label": "254.0%", "four_week_return_tone": "positive", "twelve_week_return": 569.5652173913044, "twelve_week_return_label": "569.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43641, "symbol": "6933", "name": "Sino-Entertainment Technology Holdings Limited", "exchange": "HKG", "url": "/terminal/7c047d06-beb4-4ddb-9948-c413c0631239/report/", "weekly_return": 38.93805309734515, "weekly_return_label": "38.9%", "weekly_return_tone": "positive", "four_week_return": 121.1267605633803, "four_week_return_label": "121.1%", "four_week_return_tone": "positive", "twelve_week_return": 161.66666666666669, "twelve_week_return_label": "161.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 40272, "symbol": "0797", "name": "7Road Holdings Limited", "exchange": "HKG", "url": "/terminal/5e6c674a-37f9-4104-adda-0ac572ed9cb2/report/", "weekly_return": 19.587628865979376, "weekly_return_label": "19.6%", "weekly_return_tone": "positive", "four_week_return": 90.1639344262295, "four_week_return_label": "90.2%", "four_week_return_tone": "positive", "twelve_week_return": 63.38028169014084, "twelve_week_return_label": "63.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43074, "symbol": "3700", "name": "Inkeverse Group Limited", "exchange": "HKG", "url": "/terminal/da39717c-ef98-42ba-9fc8-07e191dab503/report/", "weekly_return": 9.999999999999991, "weekly_return_label": "10.0%", "weekly_return_tone": "positive", "four_week_return": 78.74999999999999, "four_week_return_label": "78.7%", "four_week_return_tone": "positive", "twelve_week_return": 116.66666666666666, "twelve_week_return_label": "116.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43929, "symbol": "8220", "name": "Bingo Group Holdings Limited", "exchange": "HKG", "url": "/terminal/d17b4037-2ddd-4f8d-867d-3131cc7f0f6c/report/", "weekly_return": 21.515892420537895, "weekly_return_label": "21.5%", "weekly_return_tone": "positive", "four_week_return": 73.77622377622377, "four_week_return_label": "73.8%", "four_week_return_tone": "positive", "twelve_week_return": 59.29487179487178, "twelve_week_return_label": "59.3%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}]}, "industry": {"scope": "HK Internet Content & Information", "count": 20, "avg_weekly_return": 0.1631973311358852, "avg_four_week_return": -0.5496242091354128, "avg_twelve_week_return": -1.7031433389801531, "trend_breadth": 5.0, "positive_md_breadth": 45.0, "positive_rs_breadth": 10.0, "week_rank": 8, "four_week_rank": 2, "twelve_week_rank": 12, "top_peers": [{"id": 43074, "symbol": "3700", "name": "Inkeverse Group Limited", "exchange": "HKG", "url": "/terminal/da39717c-ef98-42ba-9fc8-07e191dab503/report/", "weekly_return": 9.999999999999991, "weekly_return_label": "10.0%", "weekly_return_tone": "positive", "four_week_return": 78.74999999999999, "four_week_return_label": "78.7%", "four_week_return_tone": "positive", "twelve_week_return": 116.66666666666666, "twelve_week_return_label": "116.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 41416, "symbol": "1698", "name": "Tencent Music Entertainment Group", "exchange": "HKG", "url": "/terminal/e073fd60-febc-41a6-9611-f597c946f944/report/", "weekly_return": 1.337044493757965, "weekly_return_label": "1.3%", "weekly_return_tone": "positive", "four_week_return": 7.633142237666932, "four_week_return_label": "7.6%", "four_week_return_tone": "positive", "twelve_week_return": -9.881980573052498, "twelve_week_return_label": "-9.9%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 40147, "symbol": "0700", "name": "Tencent Holdings Limited", "exchange": "HKG", "url": "/terminal/4e5eae14-1f8f-4a33-91c5-7cf662c97ee2/report/", "weekly_return": 2.2947912013735765, "weekly_return_label": "2.3%", "weekly_return_tone": "positive", "four_week_return": 1.5775661907655538, "four_week_return_label": "1.6%", "four_week_return_tone": "positive", "twelve_week_return": -7.676896927983829, "twelve_week_return_label": "-7.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 42375, "symbol": "2518", "name": "Autohome Inc.", "exchange": "HKG", "url": "/terminal/3db6dec1-78de-48ff-a4f6-a8d4ba598a9b/report/", "weekly_return": 0.7602280479465573, "weekly_return_label": "0.8%", "weekly_return_tone": "positive", "four_week_return": 0.17440987358082927, "four_week_return_label": "0.2%", "four_week_return_tone": "positive", "twelve_week_return": -3.7430168643300696, "twelve_week_return_label": "-3.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 41819, "symbol": "2008", "name": "Phoenix Media Investment (Holdings) Limited", "exchange": "HKG", "url": "/terminal/68a310ae-ee2b-45ca-ace1-324d6d7cf7ce/report/", "weekly_return": 10.56338028169015, "weekly_return_label": "10.6%", "weekly_return_tone": "positive", "four_week_return": 0.0, "four_week_return_label": "0.0%", "four_week_return_tone": "neutral", "twelve_week_return": -17.36842105263157, "twelve_week_return_label": "-17.4%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.07", "market_dynamics_tone": "negative", "md_4_change": "94.3%", "relative_strength": "-43.70", "rs_4_change": "16.4%", "expectation": "Negative", "expectation_probability": "42.89%"}, "volume": {"latest": "6.2M", "average_13": "10.6M", "average_52": "7.0M", "ratio_13": "0.6x", "ratio_52": "0.9x"}, "risk": {"volatility_13": "8.6%", "volatility_52": "6.3%", "downside_weeks": 33, "upside_weeks": 19, "downside_breadth": "63.5%", "average_gain": "4.7%", "average_loss": "-4.5%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-30.8%", "tone": "negative"}, {"label": "Volume", "value": "0.6x", "tone": "neutral"}], "opportunities": ["No strong opportunity cluster is confirmed yet; monitor trend and Market Dynamics."], "risks": ["Trend Signal 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.", "Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "36.38 HKD", "weekly_return": 1.337044493757965, "weekly_return_label": "1.3%", "weekly_return_tone": "positive", "trend_line": "52.57 HKD", "fair_value": "51.06 HKD", "market_dynamics": "-0.07", "relative_strength": "-43.70", "volume": "6.2M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "35.90 HKD", "weekly_return": 1.584612337294842, "weekly_return_label": "1.6%", "weekly_return_tone": "positive", "trend_line": "53.82 HKD", "fair_value": "51.04 HKD", "market_dynamics": "-0.37", "relative_strength": "-45.61", "volume": "11.4M", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "35.34 HKD", "weekly_return": -1.3950892857142856, "weekly_return_label": "-1.4%", "weekly_return_tone": "negative", "trend_line": "55.50 HKD", "fair_value": "51.00 HKD", "market_dynamics": "-0.73", "relative_strength": "-47.47", "volume": "9.9M", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "35.84 HKD", "weekly_return": 6.035506095725044, "weekly_return_label": "6.0%", "weekly_return_tone": "positive", "trend_line": "57.20 HKD", "fair_value": "50.96 HKD", "market_dynamics": "-1.03", "relative_strength": "-48.17", "volume": "12.9M", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "33.80 HKD", "weekly_return": -9.625675955846209, "weekly_return_label": "-9.6%", "weekly_return_tone": "negative", "trend_line": "58.99 HKD", "fair_value": "50.92 HKD", "market_dynamics": "-1.27", "relative_strength": "-52.28", "volume": "13.3M", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "37.40 HKD", "weekly_return": 6.613454583041359, "weekly_return_label": "6.6%", "weekly_return_tone": "positive", "trend_line": "60.69 HKD", "fair_value": "50.90 HKD", "market_dynamics": "-1.34", "relative_strength": "-48.58", "volume": "7.5M", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "35.08 HKD", "weekly_return": -4.7774104234527766, "weekly_return_label": "-4.8%", "weekly_return_tone": "negative", "trend_line": "62.44 HKD", "fair_value": "50.84 HKD", "market_dynamics": "-1.43", "relative_strength": "-50.97", "volume": "5.7M", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "36.84 HKD", "weekly_return": -7.15725806451612, "weekly_return_label": "-7.2%", "weekly_return_tone": "negative", "trend_line": "64.23 HKD", "fair_value": "50.80 HKD", "market_dynamics": "-1.50", "relative_strength": "-49.27", "volume": "7.9M", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "39.68 HKD", "weekly_return": 7.592187972012256, "weekly_return_label": "7.6%", "weekly_return_tone": "positive", "trend_line": "66.00 HKD", "fair_value": "50.74 HKD", "market_dynamics": "-1.57", "relative_strength": "-46.09", "volume": "10.4M", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "36.88 HKD", "weekly_return": 3.88732676056338, "weekly_return_label": "3.9%", "weekly_return_tone": "positive", "trend_line": "67.87 HKD", "fair_value": "50.68 HKD", "market_dynamics": "-1.58", "relative_strength": "-49.65", "volume": "8.1M", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "35.50 HKD", "weekly_return": -7.204414037698008, "weekly_return_label": "-7.2%", "weekly_return_tone": "negative", "trend_line": "69.94 HKD", "fair_value": "50.63 HKD", "market_dynamics": "-1.51", "relative_strength": "-50.37", "volume": "9.2M", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "38.26 HKD", "weekly_return": -5.234563722529062, "weekly_return_label": "-5.2%", "weekly_return_tone": "negative", "trend_line": "71.96 HKD", "fair_value": "50.60 HKD", "market_dynamics": "-1.41", "relative_strength": "-46.51", "volume": "9.3M", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "40.37 HKD", "weekly_return": -25.138626726246265, "weekly_return_label": "-25.1%", "weekly_return_tone": "negative", "trend_line": "73.95 HKD", "fair_value": "50.56 HKD", "market_dynamics": "-1.24", "relative_strength": "-44.61", "volume": "25.5M", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "53.93 HKD", "weekly_return": -1.5468669690755112, "weekly_return_label": "-1.5%", "weekly_return_tone": "negative", "trend_line": "75.87 HKD", "fair_value": "50.49 HKD", "market_dynamics": "-1.26", "relative_strength": "-26.93", "volume": "5.6M", "trend_signal": "Off"}], "chart_url": "/terminal/e073fd60-febc-41a6-9611-f597c946f944/", "api_path": "/terminal/e073fd60-febc-41a6-9611-f597c946f944/report/api/"}