Chinese stock brokerages are turning more bullish on the recovery outlook for the mainland movie industry, after the latest Hollywood blockbuster Avatar 2 helped boost box-office takings and end years of pandemic shutdown.
Analysts at Guosen Securities and Caitong Securities said they expect cinema operators to outperform the broader market next year, aided by signs of Beijing’s zero-Covid pivot since November. Avatar: The Way of Water, released last Friday, is a springboard to recovery, they added.
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