HK Stock Market Move | FRIENDTIMES (06820) is now up more than 7%. The company is expanding into new product categories and new channels, and the revenue side is expected to gradually improve.
Friendship Times (06820) has risen by over 7%, as of the time of publication, it has increased by 7.14%, reaching 0.6 Hong Kong dollars.
FRIENDTIMES (06820) is currently up over 7%, rising by 7.14% to 0.6 Hong Kong dollars at the time of writing.
China Securities Co., Ltd. previously released a research report maintaining a "buy" rating on FRIENDTIMES, with projected revenues of 1.18 billion yuan and 1.58 billion yuan for 2024-2025. FRIENDTIMES' new game revenue performance has been relatively stable since 2024, and with the expansion of mini-game channels, simulation business, and new tracks targeting men, the revenue side is expected to gradually improve. Additionally, effective cost control on projects and personnel, as well as control of acquisition costs, are expected to stabilize profits.
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