汇量科技：Solid 1Q24 with enhanced profitability

M N 20 May 2024 CMB International Global Markets | Equity Research | Company Update Mobvista Inc. (1860 HK) Solid 1Q24 with enhanced profitability Target Price HK$6.00 Supported by an upgraded smart bidding system, Mobvista delivered strong Up/Downside 92.9% quarterly results, with revenue/adj. net profit +23%/97% YoY in 1Q24. Its Current Price HK$3.11 verticals expansion effort (e.g. ecommerce and social media) continued to bear fruit, with non-gaming business revenue contribution up to 29% in 1Q24 (vs. Ch ...