Lyon: First Instant Company (02400.HK) receives "outperform" rating with a target price of HKD 60.

date
04/08/2025
According to the Wise News and Finance APP, Lyon has released a research report stating that it has given Joy Spreader Company (02400.HK) an "outperform the market" rating for the first time. It believes that the company's game development and operation business has shown strong growth performance, with a compound annual growth rate of revenue from 2021 to 2024 reaching 23%. It anticipates revenue growth in 2025 to 2026 of 16.2% and 9.4% respectively, and expects net profit to increase by 15.2% and 18.1%. The target price is set at HK$60.