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<Research Report>M Stanley Believes Shr Price of ALI PICTURES (01060.HK) Will Hike in 15 Days
In a technical opinion report, Morgan Stanley forecasted that share price of ALI PICTURES (01060.HK) will rise in the next 15 days, with an 80%+ chance of occurrence. The broker gave it a target price of $0.6 and Equal-weight rating.
The broker believed that after the restructuring of BABA-SW (09988.HK) into 6 different business groups, it now has a clearer high-level strategy and enhanced synergy for its media business. The cooperation between Ali Pictures and Youku has started to bear fruit, and there should be more cooperation between other media companies within the group.
The broker had a positive view on the box office recovery this year, with the upcoming April-May holiday season as a key catalyst, and suggested that Ali Pictures will be the main beneficiary.
AAStocks Financial News