Lates News

Bank of America Securities released a research report stating that it is optimistic about Maoyan Entertainment (01896) and expects a recovery trend in profitability in the second half of the year. The report points out that the market continues to recover, coupled with the company holding abundant resources. Many movies will be released in the remainder of this year and next year, which is believed to support the growth of the entertainment content service business in the second half of this year and next year. The report reiterates a "buy" rating, with a target price raised from HK$9.3 to HK$9.7.