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Changes in Hong Kong stocks | Alibaba Pictures (01060) rose more than 5% in the afternoon, and demand for movie-watching was strong, institutions are optimistic about subsequent market performance
The Zhitong Finance App learned that Alibaba Pictures (01060) rose more than 5% in the afternoon. As of press release, it had risen 4.4% to HK$0.475, with a turnover of HK$40.32,200. According to the news, the 2024 May Day pre-launch screening has already started. Guotai Junan pointed out that films sponsored by many listed companies hit this schedule. Medium-sized films may gain excess box office, and theaters are expected to benefit from market growth. Huachuang Securities pointed out that demand for watching movies is strong, and the May 1st program is imminent. It is optimistic that the industry will be booming driven by both supply and demand. Previously, the box office of the Qingming Festival reached a record high, once again verifying that demand for watching movies is strong under high-quality supply. exhibition
Earnings Season Forecast: May Day Consumption: Travel Chain Quarterly Report takes the lead in “Good News”, and “Refreshing in Zi” is expected to be staged again
As the first five-day holiday after the Spring Festival, the May Day holiday has always been a “golden week” for travel and consumption. Looking back on the Qingming holiday, travel spending and movie box office data are all impressive.
Analysts Offer Insights on Communication Services Companies: Alibaba Pictures Group Limited (HK:1060) and Telefonica (GB:0TDE)
The industry's forecast for 11 movies to “compete on the same stage” is likely to surpass last year's box office of 1.3 billion
The “May Day” holiday is approaching, and the film market is booming again. A total of 11 movies have been scheduled for the May 1st edition, and the total box office (including pre-sale) of the series has exceeded 24.63 million yuan.
Net profit for the first quarter is expected to reverse the year-on-year loss. Yuanlong Yatu's subsidiary received 10 million strategic investments from Lehua Entertainment and Alibaba Pictures
① Yuanlong Yatu, which was once fueled by “Bingdun” and “Rong Bao,” expects net profit for the first quarter to reverse the year-on-year loss, achieving revenue of about 600 million yuan, an increase of about 46% over the previous year. ② In an environment where the marketing industry's budget is getting tighter, Yuanlong Yatu turned to the “entertainment industry” and developed artist IP and other collaborations with Lehua Entertainment. The subsidiary Wow Universe recently received the first round of 10 million strategic investments from Lehua Entertainment and Alibaba Pictures.
Li Jie sold 33,300 shares of the associated corporation of Alibaba Pictures (01060.HK), worth about US$309,700
On April 17, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on April 17, Li Jie sold 331,000 shares of Alibaba Group Holding Limited, an associated corporation worth about US$309,700, at an average price of US$9.3457 per share on April 11. After the sale, Li Jie's latest shareholding in the associated corporation was 575,400 shares, with a good position ratio of 0.00%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, the majority shareholder (holding 5% of the shares
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