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UBS Group: Maintains CHINA LIT (00772) 'Buy' rating and lowers Target Price to 37.2 Hong Kong dollars.
The company believes that future progress in IP derivative Business and market attention shifting to AI applications will be the main driving force behind the rise in Yuwen's stock price.
Hong Kong stocks movement | CHINA LIT (00772) dropped nearly 5% due to impairment of goodwill from New Classics bringing losses. UBS Group lowered the company's earnings forecast for this year and next year.
CHINA LIT (00772) fell nearly 5%, as of the press time, down 4.83%, trading at 26.6 Hong Kong dollars, with a turnover of 0.277 billion Hong Kong dollars.
CHINA LIT (00772) issued a total of 11.7514 million shares according to the stock plan.
CHINA LIT (00772) announced that the company will grant shares according to the stock plan on March 19, 2025...
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