China Ruyi Earnings Likely to Pick up from 2H

Dow Jones
09/07

0609 GMT - China Ruyi earnings should improve from 2H, supported by the August release of "Once Upon A Time in the Middle East," Deutsche Bank analyst Leo Chiang says in a note. Earnings are also likely to get a lift in 2027 due to several new game launches, partnerships with streaming platforms and wider overseas distribution, the analyst says. The bank, however, cuts its target price to HK$2.50 from HK$2.90 while lowering its 2026 revenue forecast by 13% and adjusted net profit forecast by 4% after 1H results came in below expectations. Deutsche Bank maintains its buy rating. Shares are up 12% at HK$1.53.

 

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