Nomura lowers target price of China Literature Group by 6.3% to HK$29.8, maintains buy rating

GoldenOctober2024

2024-08-14 07:00:49

On August 14, Jinshi Data News, Nomura released a research report, lowering the target price of Yuewen Group (00772.HK) by 6.3% to HK$29.8, maintaining a buy rating and expecting steady profits in the second half of 2024. The report pointed out that thanks to stronger-than-expected IP operation business, the group’s total revenue in the first half of 2024 increased by 28% year-on-year to RMB 4.2 billion, exceeding Bloomberg’s general expectations and the bank’s forecast by 13% and 9% respectively. Non-IFRS earnings per share rose 17% year-on-year to RMB 0.69, 10% higher than market expectations and 3% higher than the bank’s expectations, possibly due to increased revenue.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments