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01970 IMAX CHINA
RTNominal down7.950 -0.080 (-0.996%)
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17/04/2018 15:47

[I-bank focus]Goldman lifts IMAX China (01970) to HK$31.01

[ET Net News Agency, 17 April 2018] Goldman Sachs lifted its target price for IMAX
China Holding (01970) to HK$31.01 from HK$27.18, and reiterated its "buy" rating.
The research house cited SARFT (State Administration of Radio, Film and Television)
indicating that China box office in 1Q increased by 39.8% yoy to Rmb20.02bn, creating a
historical high, and breaking the single quarter country market record made in the North
America market in 2Q 2015.
Goldman raised its 2018-21 EPS forecasts by 3.5-4% to reflect higher box office
estimates. It said the company is recovering from the trough in 1H 2017 and is into a new
upcycle. (KL)

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