CICC: Maintain a outperform rating on China Literature (00772), target price of 36 Hong Kong dollars.

According to the financial news app, Zhizhong Securities released a research report stating that it maintains its forecast for the non-IFRS net profit of China Literature Group Ltd. (00772) for the years 2025 and 2026. The current price corresponds to a 25/26 year non-IFRS P/E ratio of 20.1/17.5 times. It maintains an outperform industry rating and a target price of HK$36, corresponding to a 25/26 year non-IFRS P/E ratio of 25/21 times, with a 21.4% upside potential. Recently, the market's attention to the IP economy has increased, and the company announced on May 30th its acquisition of a 26.67% stake in Yihua Kaitian to further improve its IP industry chain layout.