Tencent Music Entertainment Group (1698.HK) stock analysis

In our weekly check, Tencent Music Entertainment Group is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 21 pass, warnings: 1, red flags: 2.

About Tencent Music Entertainment Group

Tencent Music Entertainment Group is a Communication Services company (Internet Content & Information) based in China, listed on HKSE as 1698.HK.

What our checks show for 1698.HK

Red flags

• The price swings a lot: 50.4% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 70% from a peak. Would you have held through that?

Warning signs

• The stock is still below its previous peak.

Strengths

• Debt is low: 0.22x equity.
• Operating profit covers interest 97.6 times over.
• The net margin rose by 16.6 points over 5 years, to 26.3%.
• The gross margin is 47.3% and has risen by 17.2 points: pricing power is holding.
• Earnings per share grew 35.5% a year over the last 3 years.
• Net profit grew 34% a year over the last 3 years.

Next earnings report: 2026-11-17

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Questions

What grade does Tencent Music Entertainment Group (1698.HK) have?

In our weekly check, Tencent Music Entertainment Group is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 21 pass, warnings: 1, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1698.HK stock?

This week's biggest flags for Tencent Music Entertainment Group: Very volatile, Deep past fall, Slow recovery after falls. In total 3 of 24 checks show a warning or a red flag.

What does Tencent Music Entertainment Group do?

Tencent Music Entertainment Group is a Communication Services company (Internet Content & Information) based in China, listed on HKSE as 1698.HK.

When does Tencent Music Entertainment Group report earnings next?

The next earnings report is expected on 2026-11-17. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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