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<Research>UBS Adds MAOYAN ENT (01896.HK) TP to $12.5 on Excellent Movie Content Pipeline for 2024
MAOYAN ENT (01896.HK)'s 2023 revenue rallied 105% YoY, in line with the market's expectation, UBS released a research report saying. Adjusted net profit shot up 342% YoY, w...
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<Research>UBS Adds MAOYAN ENT (01896.HK) TP to $12.5 on Excellent Movie Content Pipeline for 2024
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MAOYAN ENT (01896.HK)  +0.270 (+3.814%)    Short selling $3.04M; Ratio 9.781%   's 2023 revenue rallied 105% YoY, in line with the market's expectation, UBS released a research report saying.

Adjusted net profit shot up 342% YoY, which is higher than the expectations of UBS and the market by 11-12%, which is believed to be driven by the effectiveness of cost control measures and other financial gains during the period.

UBS expected that the accumulated demand for offline performance activities will help boost the Company's market share gain. Coupled with an excellent movie content pipeline this year, a number of key blockbusters are set to be released within 2024.

It is estimated that MAOYAN ENT's overall online ticketing revenue will grow by 3% in the whole 2024. Therefore, UBS added its target price from $12.05 to $12.5, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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