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HK stock unusual movement | Maoyan Ent (01896) rose more than 3%, hot movies led the market to recover, summer box office broke through 6.5 billion.
Maoyan Ent (01896) rose more than 3%, as of press time, up 3.32% at HK$8.09, with a trading volume of HK$12,5777 million.
[Brokerage Focus] CICC International covers China Film Co., Ltd. for the first time, stating that box office revenue is expected to have a moderate growth in the next two years.
Jinwu CaiXun | CICC International stated that it is the first time covering the China film industry. Despite the continued rise of home entertainment, the bank has identified several trends in the Chinese film industry that support its prediction of a 6% year-on-year growth rate in box office revenue from 2024 to 2026. The bank has observed: (1) the audience, mainly composed of Generation Z, prefer more diverse and realistic content; (2) technological upgrades are providing cinema audiences with experiences that are hard to compare with home streaming services; and (3) domestic films are becoming increasingly popular, providing upstream production companies with more opportunities.
Maoyan Ent (01896.HK) repurchased 0.6 million shares for a total value of HKD 4.7131 million on July 25.
On July 25, Gelonhui reported that Maoyan Ent (01896.HK) announced it would repurchase 0.6 million shares at a cost of HKD 4.7131 million on July 25, 2024, with a repurchase price of HKD 7.83-7.91 per share.
Intelligent Transport Hong Kong Stock Repurchase Statistics | July 25
Statistics of Hong Kong stock buybacks | July 25th
Maoyan Ent (01896.HK) spent 4.9259 million Hong Kong dollars on July 24th to buy back 0.6 million shares.
On July 24, Maoyan Ent (01896.HK) announced that it spent HKD 4.9259 million to repurchase 0.6 million shares, with a repurchase price per share of HKD 8.1-8.23.
Maoyan Ent (01896.HK) repurchased 0.59 million shares for HKD 4.851 million on July 23rd.
On July 23rd, Maoyan Ent (01896.HK) announced the repurchase of 0.59 million shares for 4.851 million Hong Kong dollars.
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