China Lit (00772) rose nearly 4%, as of press time, rose 3.83%, reported 27.1 Hong Kong dollars, with a turnover of 39.7674 million Hong Kong dollars.
According to the Wisdom Financial APP, China Lit (00772) rose more than 4%, as of press time, rose 4.02%, reported 27.15 Hong Kong dollars, with a turnover of 40.3203 million Hong Kong dollars.
On the news front, China Lit has successively released many blockbuster films and TV shows this year. The Spring Festival champion "Hi, Mom" created a box office record of 34.6 billion yuan; "The Long Ballad" set the highest record of drama heating value on Tencent Video this year during the broadcast; "Joy of Life Season 2" broke several historical records of Tencent Video, and "The Story of the Rose" topped the ratings on the same night of its first broadcast.
According to the research report released by Lyon, China Lit's IP business momentum has been strong this year, with successful releases of TV dramas and movies. It is expected that the year-on-year growth of IP business revenue (excluding New Classics Media) may accelerate to more than 20%, mainly driven by IP games, commodity monetization, and expansion of animation and drama production capacity. The bank has raised its target price from HKD 29 to HKD 32 and maintained a "outperform" rating.