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1 Comment
China Literature Limited is currently in a long term uptrend where the price is trading 11.5% above its 200 day moving average.
From a valuation standpoint, the stock is 4.3% more expensive than other stocks from the Communication Services sector with a price to sales ratio of 7.8.
China Literature Limited's total revenue sank by 2.1% to $5B since the same quarter in the previous year.
Its net income has dropped by 268.9% to $-1B since the same quarter in the previous year.
Finally, its free cash flow fell by 17.9% to $144M since the same quarter in the previous year.
Based on the above factors, China Literature Limited gets an overall score of 1/5.
Exchange | HK |
---|---|
CurrencyCode | HKD |
ISIN | KYG2121R1039 |
Sector | Communication Services |
Industry | Internet Content & Information |
Target Price | 31.3833 |
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Beta | 0.86 |
Market Cap | 26B |
PE Ratio | None |
Dividend Yield | None |
China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. It operates through Online business, and Intellectual Property Operations and Others segments. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house. It also provides online reading, copyright commercialization, and writer cultivation and brokerage services; and operates text work reading and related open platform through technology methods and digital media, including personal computers, Internet, and mobile network. In addition, the company engages in the production and distribution of television series, web series, and films; licensing and distribution of film and television properties; licensing copyrights; sales of adaptation rights and scripts, and physical books; operation of in-house online games; and distribution of online audio books and online comic content provided through Tencent and third-party platforms. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China. China Literature Limited is a subsidiary of Tencent Holdings Limited.
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