Bank of America Securities: Reaffirms "Buy" Rating for Maoyan Entertainment, Optimistic about Profit Recovery in the second half of the year.

Bank of America Securities released a research report stating that they are optimistic about the profit recovery trend of Maoyan Entertainment in the second half of the year. They pointed out that the market continues to recover, and with the company holding rich resources, many films will be released in the remaining time of this year and next year. They believe that this will support the growth of the entertainment content service business in the second half of this year and next year. They reiterated their "buy" rating and raised the target price from 9.3 Hong Kong dollars to 9.7 Hong Kong dollars.