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Tencent Music Entertainment (NYSE:TME) trades below book value and at an attractive forward P/E <15. As the company's stock is down more than 85% since all-time-highs, and 39% year-to-date, investors might want to consider investing in TME as a bargain opportunity. In
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Not financial advise.
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