Friendship Time (06820) rose nearly 7% and rose 6.9% at press time to HK$1.24, with a turnover of HK$491,200.
The Zhitong Finance App learned that Friendship Time (06820) rose by nearly 7% and rose 6.9% at press time to HK$1.24, with a turnover of HK$491,200.
According to news, on January 2, the new game “Floating Memories” was officially launched by a woman developed by Friendship Time, which topped the popular list on various platforms such as Huawei, OPPO, and TapTap, taking 3rd place in the free list and number 1 in the role-playing list on the iOS channel. CMB International believes that the company's new work “Floating Memories” has received good feedback since its launch, and is expected to maintain its upward trend in the future. The launch of new products and overseas expansion will bring further upside, while the company has maintained impressive shareholder returns. The bank advises investors to keep an eye on its growth momentum in FY2024.
Furthermore, on January 26, the official website of the State Press and Publication Administration published approval information for domestic online games in January 2024. A total of 115 games were approved, and the number of editions released in a single batch reached a new high since 2022. Furthermore, “Phantom Beast” continued to be popular one week after launch, with sales exceeding 8 million copies in 6 days, while at the same time, the number of people online peaked at over 2 million on the 24th. Guotai Junan believes that the popularity of “Pokemon-like” IP and open world free-to-play is at the core of the game's continued topicality and ability to break circles, and advances in various technologies have also lowered the threshold for content explosion. The distribution of game versions has been rising steadily, which is conducive to the stability of supply expectations and the company's related product line planning.