CICC: Upgraded China Literature Group (00772.HK) to "buy" rating, target price raised to HK$39.

date
15/08/2025
Zhitong Finance APP learned that CICC released a research report stating that the first half-year revenue of China Reading Group (00772.HK) basically met market expectations. After removing the impact of New Classics Media, the adjusted net profit was 550 million yuan, an increase of 36% year-on-year, corresponding to an adjusted net profit margin of 17%, which is in line with expectations. The target price has been raised from 28 Hong Kong dollars to 39 Hong Kong dollars, and the rating has been upgraded to "buy".