Movement Alert|Mobvista Rises 5.5% in Regular Trading, Multiple Brokerages Initiate Coverage with Buy Ratings

Market Focus07-08

On July 8, Mobvista rose 5.5% in regular trading, reaching HKD 11.31 with turnover of HKD 159 million. The rally was driven by a wave of bullish analyst initiations from multiple brokerages.

Southwest Securities initiated coverage with a Buy rating, forecasting sustained growth in attributable net profit and setting a target price of HKD 18.33. Huachuang Securities assigned a Strong Push rating with a target price of HKD 17.7, projecting revenue of USD 2.7/3.7/4.6 billion and adjusted net profit of USD 150/260/380 million for 2026-2028, applying a 25x target PE. China Merchants Securities also initiated with a Strong Recommendation rating, highlighting product iteration driving high earnings growth. In Q1, the company reported revenue of USD 581 million, up 32.2% year-on-year, with core platform Mintegral contributing USD 560 million. Additionally, Temasek recently completed a USD 150 million strategic equity allocation, reinforcing institutional confidence in the company's long-term value.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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