0911 GMT - Alibaba Pictures should benefit from its rich movie pipeline as the holiday season approaches, say Citi analysts led by Vicky Wei in a research note. With New Year's Day and Lunar New Year approaching, a number of upcoming movies, such as "Big World" and "Octopus With Broken Arms" may be potential catalysts for Alibaba Pictures. The Citi analysts also see improving audience feedback for the movie "Her Story," which opened in late November and has so far recorded 545 million yuan in box-office receipts. Citi maintains a buy rating on the stock with a target price of HK$0.55. Shares closed 5.8% higher at HK$0.455. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 04:11 ET (09:11 GMT)
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