Futu Securities: Raise Meow Entertainment's (01896) target price to 9.6 Hong Kong dollars, increase full-year box office and revenue forecasts.

date
27/08/2025
According to the Smart Finance and Economics APP, Furui released a research report stating that Maoyan Entertainment (01896) saw a 13.9% increase in revenue to 2.47 billion yuan in the first half of the year, and net profit attributable to shareholders reached 178.5 million yuan, both meeting the bank's expectations. Management emphasized the continued recovery of summer box office; in terms of live performances, the company covers large-scale events such as esports, concerts, and sports, while also expanding into Talk Shows, exhibitions, and competitions. The bank slightly raised its full-year box office forecast from 46 billion to 46.3 billion yuan, revenue forecast from 4.4 billion to 4.5 billion yuan, representing a year-on-year growth of 10%; maintaining a "buy" rating with a target price raised from 8.6 Hong Kong dollars to 9.6 Hong Kong dollars.