The Zhitong Finance App learned that Maoyan Entertainment (01896) rose nearly 4%. As of press release, it had risen 3.62% to HK$9.74, with a turnover of HK$9.362 million.
According to the news, according to information, Maoyan Entertainment plans to release dozens of popular movies this year, including “Flying Fast to Life 2,” “Chaoyuan Alley,” “Crazy Money at the End,” “Crisis Line,” and “Rebirth.” UBS previously stated that the accumulation of demand for offline performance events will help increase the company's market share. Coupled with this year's ideal movie content pipeline, many major blockbusters will be screened within this year. It is estimated that the overall online ticketing revenue of Cat's Eye will increase by 3% throughout this year.
In addition, pre-sale of 8 movies in the 2024 May 1 series has already started. Everbright Securities previously stated that as of April 10, according to the box office forecast for the Maogan Pro Edition, the total box office for the 11 new movies in the May 1st series is estimated to be 1,266-1,722 billion yuan (“Rescue in the Sea of Nu” and “Departure” have not yet been predicted by the media). The bank believes that the May 1st box office is expected to continue the recovery trend. The film market is gradually picking up.