CICC: Raises target price of Alibaba Pictures (01060.HK) to HK$0.98, maintains "outperform" rating.

According to the WiseNews Finance APP, Zhong Jin released a research report stating that Alibaba Pictures (01060.HK) suggested changing the company name to Damai Entertainment, and proposed four future important strategic directions of leading content, user growth, strengthening commercial derivative capabilities, and actively laying out overseas in the performance announcement. The bank believes that the company hopes to establish a comprehensive entertainment platform and develop diversified business directions. The bank maintains its Non-IFRS net profit forecast for the group in the 2026 and 2027 fiscal years, reiterates its "outperform industry" rating, and raises its target price by 40% to 0.98 Hong Kong dollars.