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<Research>Nomura Upgrades CHINA LIT (00772.HK) to Buy, Elevates TP to $47
Recommend 7 Positive 8 Negative 0 |
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Nomura upgraded CHINA LIT (00772.HK) to Buy due to bullish outlook for its short drama and animation drama business, and elevated its target price from $33 to $47. CHINA LIT operates one of the largest online literature platforms in mainland China, having garnered a vast user base and a talented community of writers, the broker noted. Over the years, the Company has accumulated a significant amount of high-quality IPs, with its online reading business consistently generating solid cash flow, while the IP operation business has become a driver of revenue growth. AASTOCKS Financial News |
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