HK Stock Market Move | MAOYAN ENT (01896) rose nearly 5% in the afternoon, "Detective Chinatown 1900" scheduled for Chinese New Year release, Citigroup says worst time for company may have passed.

Maoyan Ent (01896) rose nearly 5% in the afternoon, rising 4.74% to HKD 7.74 at the time of publication, with a trading volume of HKD 199.68 million. On the news front, according to Maoyan Professional Edition data, 6 movies have been scheduled for the 2025 Spring Festival, including "Detective Tang 1900" distributed and produced by Maoyan. Guotai Junan released a research report stating that the lineup of films scheduled for the 2025 Spring Festival is strong, with a focus on sequels of movies with high acclaim and box office numbers, aiming to set a new record for historical box office numbers. Citi released a research report stating that the worst time for Maoyan Ent may have passed, as the largest movie ticket platform is expected to benefit from better movie supply this year, with a rich lineup of movies for release and the upcoming Lunar New Year holiday season as the next catalyst. The bank predicts that the total box office in mainland China in 2025 will reach 50 billion RMB, an 18% year-on-year increase. The bank raised Maoyan Ent's target price by 2.2%, from HKD 9 to HKD 9.2, listing it as a preferred stock in the movie industry with a "buy" rating.