Core Insights - Jefferies reported that Maoyan Entertainment's revenue increased by 13.9% to 2.47 billion yuan in the first half of the year, with net profit attributable to shareholders reaching 178.5 million yuan, both in line with expectations [1] - Management highlighted a continued recovery in box office performance during the summer season, and the company is expanding its coverage in live performances, including esports, concerts, and sports events, while also venturing into stand-up comedy, exhibitions, and competitions [1] - Jefferies slightly raised its full-year box office forecast from 46 billion yuan to 46.3 billion yuan, and revenue forecast from 4.4 billion yuan to 4.5 billion yuan, representing a year-on-year growth of 10% [1] - The firm maintained a "Buy" rating and increased the target price from 8.6 HKD to 9.6 HKD [1]
大行评级｜杰富瑞：上调猫眼娱乐目标价至9.6港元 上调全年票房及收入预测