Big Bank Rating | Morgan Stanley: I believe the share price of Alibaba Pictures (1060.HK) will rise to the target price of 0.6 in the next 15 days

金融界网站2023-03-29

Gelonghui March 29 | Morgan Stanley issued a report saying that it believesAlibaba Pictures(1060.HK)' s share price will rise in the next 15 days, and it is expected that the chance of occurrence will be more than 80%. Its target price will be HK$0.6 and its investment rating will be "synchronized with the market". The bank means that under the supervision ofAlibaba-SW(9988.HK) restructured and set up six business groups. The bank believes that Ali has a clearer high-level strategy and enhanced synergy for the media business. The cooperation between Ali Pictures and Youku has already achieved initial results, and other media companies within the group should have more relevant cooperation. Morgan Stanley said that it has a positive view on the box office recovery of the film industry this year, and the upcoming April-May holiday will be a key catalyst, believing that Ali Pictures will be the main beneficiary. The stock is now traded at HK$0.51, with a total market capitalization of HK$13.8 billion.

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