China Literature's earnings potential may be understated due to unusual items deduction. With these expenses often not repeated, improved results and higher profit are expected next year.
The cooperation was in relation to placing advertisements which are solicited by the Retained Tencent Group on the Platforms of the Group, and in relation to the distribution of the authorized works (including literature works, audio works and mini drama works) of the Group through the Retained Tencent Group Channels. The proposed annual caps for the aggregate commissions payable by the Retained Tencent Group...
China Literature's share price drop is due to its consistent revenue decline. Despite profitability in the last five years, the lack of revenue growth worries shareholders. Recent insider buying is a positive, but the company's stock performance remains disappointing.
The declining ROCE trend at China Literature is worrisome, indicating potential loss of competitive edge or market share. Unless metrics show a positive shift, consider other investment opportunities.
China’s ‘Amazon’ gets more animated with purchase from Tencent December 21, 2023 0772.HK 28.80 (+0.2%) With a quarter of China’s online readers as customers, e-book giant China Literature announced it is buying its parent’s comics and animation unit Key Takeaways: China Literature’s acquisition of Tencent’s comics and animation unit brings all of the latter’s long-form print and filmed entertainment assets under one roof Tenc...
$CHINA LIT (00772.HK)$spent RMB600 million to acquire the assets of the animation and comics platform of$TENCENT (00700.HK)$, its parent company, Jefferies issued a research report saying. The deal is expected to further enlarge the content portfolio, talent resources and efficiency in IP development, and to unleash the synergies in animation and comics IP. In addition, Jefferies believed that CHIN...
Citi analysts keep a positive outlook on China Literature's acquisition strategy and project expansion, maintaining a Buy rating with a HK$40 target price. Jefferies analysts also hold a Buy rating, expecting the newly acquired assets to profit in 2024.
China Literature could be overvalued due to its high PE ratio. Although future growth is promising, it's not a cheap buy as it surpasses industry peers in terms of pricing. Consider other factors and heed the warning signs before investing.
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This section presents the top 5 stocks in HK Crypto ETF, ranked from highest to lowest based on real-time market data.
CHINA LIT Stock Forum
$SENSETIME-W (00020.HK)$ rocketed 31.1% before trading in its share halter, following the release of its new AI model, and the stock printed at $0.8 before the suspensio...
The proposed annual caps for the aggregate commissions payable by the Retained Tencent Group...
December 21, 2023
0772.HK
28.80
(+0.2%)
With a quarter of China’s online readers as customers, e-book giant China Literature announced it is buying its parent’s comics and animation unit
Key Takeaways:
China Literature’s acquisition of Tencent’s comics and animation unit brings all of the latter’s long-form print and filmed entertainment assets under one roof
Tenc...
The deal is expected to further enlarge the content portfolio, talent resources and efficiency in IP development, and to unleash the synergies in animation and comics IP.
In addition, Jefferies believed that CHIN...
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