中金：维持腾讯音乐-SW(01698)跑赢行业评级予港股目标价67.5港元

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智通财经APP获悉，中金发布研报称，维持腾讯音乐-SW(01698)跑赢行业评级，予港股目标价67.5港元，对应26/27年Non-IFRS P/E 18/17倍，较现价有18%的上行空间。公司公布4Q25业绩：收入86.41亿元，同增15.9%;Non-IFRS归母净利润24.85亿元，同增9%，基本符合机构一致预期。中金主要观点如下：音乐业务动能切换，2026年非订阅业务增速或高于订阅业务...

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中金：维持腾讯音乐-SW(01698)跑赢行业评级 予港股目标价67.5港元

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中金：维持腾讯音乐-SW(01698)跑赢行业评级予港股目标价67.5港元