HK Stock Market Move | MAOYAN ENT (01896) falls more than 2%, reports claim that the ticket refund rate for the movie "Demon Slayer" has greatly increased.

MAOYAN ENT (01896) fell more than 2%, as of the time of the draft, down 2.18%, at HK$6.73, with a turnover of HK$33.5 million. On the news front, according to Dahe Daily, on the 19th, the refund rate of "Demon Slayer" has changed from a declining trend to an increase. From the 18th to the 21st, the refund rate of the film increased from 3.2% to 7.6%. In addition, the attendance rate of "Demon Slayer" has seen a significant decline, with an attendance rate of less than 3% on November 18th. According to Maoyan Professional Edition data, as of the draft, the total box office of this film has reached 443 million yuan, with a forecast box office of 591 million yuan. Citi pointed out that for MAOYAN ENT, more negative sentiment is centered around its blockbuster film "Demon Slayer" introduced on November 14. However, as the largest movie ticket platform, Maoyan still has upside catalysts, including the movies "Zootopia 2" and "Avatar 3".