Lyon expects that China Lit (00772) may see a year-on-year growth acceleration of over 20% in its IP business (excluding New Classics Media) this year.
Zhongtong Finance APP learned that according to a research report released by Lyon, China Lit (00772) has a strong momentum in its IP business (excluding New Classics Media) since the beginning of this year. It is expected that the year-on-year growth of IP business revenue may accelerate to over 20%, mainly driven by IP game, commodity realization, animation and drama production capacity expansion. The report stated that due to the upward revision of earnings forecast for China Lit, the target price has been raised from HKD 29 to HKD 32, and the "outperform market" rating has been retained, with future catalysts including income split from new movies and more game releases.