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Hong Kong Stock Market News | China Ruyi (00136) rose more than 4% in early trading, and Imax Corp signed an agreement with Wanda Film Holding. The company is a controlling shareholder of Wanda Film Holding.
According to the Zhītōng Cáijīng APP, China Ruyi (00136) rose more than 4% in early trading. As of the deadline, it rose 2.93% to HKD 2.11 with a turnover of HKD 44,029,600. In terms of news, Imax Corp recently reached an agreement with Wanda Film Holding to upgrade and add more Imax screens in the Chinese market. Rich Gelfond, CEO of the company, revealed plans to open up to 25 new Imax theaters in China within three years and renovate or refurbish 100 existing theaters in the future. Guotai Junan previously pointed out that China Ruyi has become a new controlling shareholder of Wanda Film Holding.
Stocks and ETFs to Benefit From "Inside Out 2" Success
The record-breaking performance of "Inside Out 2" – a 2024 American animated film produced by Pixar Animation Studios for Walt Disney DIS Pictures – not only reaffirms the appeal of animated blockbusters on but also invigorates investor confidence in the entertainment sector.
'Inside Out 2' Racks up $100M in Second Weekend to Set Record
Benchmark Reiterates Buy on Imax, Maintains $22 Price Target
Benchmark analyst Mike Hickey reiterates Imax (NYSE:IMAX) with a Buy and maintains $22 price target.
Benchmark Co. Maintains IMAX Corp(IMAX.US) With Buy Rating, Maintains Target Price $22
Benchmark Co. analyst Mike Hickey maintains $IMAX Corp(IMAX.US)$ with a buy rating, and maintains the target price at $22.According to TipRanks data, the analyst has a success rate of 56.9% and a tota
Heard on the Street: Summer Box Office Needs More Big Scores -- WSJ
By Dan Gallagher Movie-theater stocks are finally feeling some summer heat. But even the strong success of two recent blockbusters is leaving a big gap to fill. Disneys Inside Out 2 scored $154.2 mi