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<Research>CLSA: Core IP & Online Biz Profit of CHINA LIT (00772.HK) Hits New High; TP Lifted to $42.3
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CHINA LIT (00772.HK) recently issued a profit alert, with nominal net profit significantly affected by one-off goodwill impairment and net loss related to New Classics Media (NCM), CLSA published a research report saying. However, the broker believed that the adjusted net profit for core IP and online business will log new high in 2025 (RMB1 billion), confirming a breakthrough in IP monetization. Amid broader 'AI disruption' concerns, the mini-drama industry and IP owners should benefit from recent defensiveness. Therefore, CLSA lifted its target price for CHINA LIT from $40 to $42.3, and maintained its Outperform recommendation. AASTOCKS Financial News Website: www.aastocks.com |
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