Core Viewpoint - Cowin Entertainment (01896) reported a 13.9% increase in revenue to 2.47 billion RMB for the first half of the year, with net profit attributable to shareholders reaching 178.5 million RMB, aligning with expectations [1] Group 1: Financial Performance - Revenue for the first half of the year increased by 13.9% to 2.47 billion RMB [1] - Net profit attributable to shareholders was 178.5 million RMB [1] Group 2: Management Insights - Management highlighted a continued recovery in summer box office performance [1] - The company is expanding its coverage in live performances, including esports, concerts, and sports events, while also venturing into talk shows, exhibitions, and competitions [1] Group 3: Forecast Adjustments - The annual box office forecast was slightly raised from 46 billion to 46.3 billion RMB [1] - Revenue forecast was adjusted from 4.4 billion to 4.5 billion RMB, representing a year-on-year growth of 10% [1] - The target price was increased from 8.6 HKD to 9.6 HKD, maintaining a "Buy" rating [1]
富瑞：升猫眼娱乐目标价至9.6港元 上调全年票房及收入预测