No Data
China Ruyi Revises Revenue Caps Amid Tencent Partnership
Hong Kong stock concept tracking | China's gaming market revenue hits a record high, the trend of gaming overseas is inevitable (including concept stocks)
The domestic gaming market has entered a mature stage, and the trend of going global is inevitable.
Nomura initiates a 'buy' rating on China Ruyi (00136.HK) with a target price of 2.8 yuan.
Nomura's report stated that it initiates a 'buy' rating on China Ruyi (00136.HK) with a target price of 2.8 yuan, believing that the company provides higher-quality products and reduces production costs through its manufacturer-centered model, thereby achieving better investment returns. The company has established a sustainable leadership position in mainland content production business. The bank believes that China Ruyi, with the support of Tencent (00700.HK), expanding into gaming publishing/production business, will become a new long-term sales and profit growth driver for the company. China Ruyi's preliminary investment in Wanda Film Holding in online streaming media and offline cinemas can potentially yield significant benefits in the future.
HK stocks unusual movement | maoyan ent (01896) up more than 11%, leading the theater stocks, 10 movies scheduled for National Day, new movie presale total box office exceeds 40 million.
Theater stocks rose, as of the deadline, Maoyan Ent (01896) rose by 11.03% to HKD 7.35; Ali Pictures (01060) rose by 7.89% to HKD 0.41; Starcrest Media (06698) rose by 7.83% to HKD 3.58.
CHINA RUYI: INTERIM REPORT 2024
HK stocks abnormal | Movie concept stocks continue to decline, summer box office same percentage drop more than 40%, Citi significantly lowers annual box office forecast.
Film concept stocks continued to fall. As of the time of writing, Maoyan Entertainment (01896) fell 4.73% to HK$5.84; China Ruyi (00136) fell 4.57% to HK$5.85; Huanxi Media (01003) fell 1.85% to HK$0.53; IMAX China (01970) fell 0.77% to HK$7.77.
No Data
No Data