Glory Star Announces Research Coverage Initiated by Dongxing Securities, With US$6.05 Price Target
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Tuesday, July 27, 2021
BEIJING, July 27, 2021 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that Dongxing Securities (Hong Kong) has initiated research coverage of Glory Star with price to sales ratio (TTM) of 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million.
Key Points:
- BEIJING, July 27, 2021 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that Dongxing Securities (Hong Kong) has initiated research coverage of Glory Star with price to sales ratio (TTM) of 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million.
- Please note that any opinions, estimates, or forecasts regarding the performance of Glory Star and its management made by Dongxing Securities are theirs alone and do not represent the opinions, estimates, or forecasts of Glory Star or its management.
- Glory Star does not by this announcement or otherwise imply that the Company analyzes or approves of such information, conclusions, or recommendations.
- Glory Star New Media Group Holdings Limited is a leading digital media platform and content-driven e-commerce company in China.