Picture Company Surges Over 14%, Market Value Breaks $7.6 Billion, Year-to-Date Gain Over 320%! Expected to Grow Adjusted Net Profit by Approximately 65%-72% in First Half
Glorious 7th July | Picture Company (1357.HK) surged over 14%, trading at HK$12.46, with a market value breaking $7.6 billion. The company has already achieved a year-to-date gain of over 320% since the start.
On the news front, Picture Company recently released a positive earnings forecast, expecting adjusted net profit to grow by approximately 65%-72% year-over-year in the first half of 2025. The company also indicated that its core business "Image and Design Products" has achieved rapid revenue growth.
Multiple major brokerages have praised this earnings guidance as better than expected. Deutsche Bank believes Picture Company will continue to benefit from the commercialization of AI applications, leveraging globalization and productivity strategies to drive profitability, and upgrading their target price to HK$14.4. Credit Suisse has forecast that Picture Company is likely to maintain a high rate of growth in its annual performance, with an upgraded target price of HK$14.1. UBS notes that revenue contributions from overseas markets and production tools are key factors driving Picture Company's value revaluation.
According to the Hong Kong Stock Exchange disclosure, Morgan Stanley increased their stake in Picture Company on July 24 at a price of HK$10.9941 per share, increasing their holdings of ordinary shares by 156.65 million, with their ownership ratio rising from 4.97% to 5.01%