Citi maintained its position as the preferred stock for Cat Eye Entertainment and carried out a 30-day positive catalyst review for any better-than-expected Lunar New Year movie box office and content performance.
The Zhitong Finance App learned that Citi released a research report saying that it launched a 30-day positive catalyst observation of Maoyan Entertainment (01896) and gave it a “buy” rating. The target price was HK$14.5. The catalyst was the box office performance of Lunar New Year movies. The agency expects more Lunar New Year movies to confirm their release dates starting this week, and Maogan Entertainment is expected to benefit from its rich channels and the success of the past two Lunar New Year movies. The bank maintained Maogan Entertainment's preferred stock position and carried out a 30-day positive catalyst review for any better-than-expected Lunar New Year movie box office and content performance.