CICC: Maintains a "Outperform" industry rating for Yuwen Group (00772.HK), target price HKD 29.

According to the Zhitong Financial APP, CICC has released a research report stating that it maintains the Non-IFRS net profit attributable to the parent company for the Year 2026/2027 for China Literature Group (00772.HK) at 850 million and 1.311 billion yuan. The current price corresponds to a Non-IFRS price-to-earnings ratio of 21 times for 2026 and 14 times for 2027. It maintains an "outperform the industry" rating and a target price of HKD 29, which corresponds to a Non-IFRS price-to-earnings ratio of 30 times for 2026 and 19 times for 2027, representing an upside potential of 39.8% from the current stock price.