Core Viewpoint - Citigroup has initiated a 30-day positive catalyst observation for Maoyan Entertainment, driven by the upcoming release of the major animated film "Demon Slayer," which is set to be released on November 14, with Maoyan as the distributor [1] Group 1: Film Performance - "Demon Slayer" has shown strong global box office performance, ranking fifth globally with over $677 million in ticket sales, and it has become the top international film in North America [1] - The announcement of the film has generated significant interest, evidenced by over 400,000 "want to watch" clicks recorded in a single day on Maoyan's platform [1] Group 2: Financial Projections - Citigroup anticipates that "Demon Slayer" will become the highest-grossing Japanese animated film in China, projecting a box office of 1 billion yuan, with expected profit contributions ranging from 108 million yuan to 200 million yuan [1] - Any better-than-expected box office performance is expected to act as a positive catalyst for Maoyan, reinforcing its position as the largest ticketing platform, with a target price set at HKD 9.3 based on a 14x adjusted earnings per share for 2026, maintaining a "buy" rating [1]
大行评级丨花旗：对猫眼娱乐开启30日正面催化剂观察 目标价9.3港元