July 22, 2026 08:00 AM GMT China Literature Ltd | Asia Pacific M Idea 1H26 Preview: IP strength intact amid NCM loss | What's Changed | | | | --- | --- | --- | | China Literature Ltd (0772.HK) | From | To | | Price Target | HK$29.00 | HK$23.00 | We expect 1H26 revenue to grow 3% YoY, as non-NCM IP growth offsets weakness in online business and NCM. Adjusted net profit may fall to Rmb217mn (vs. Rmb540mn in 1H25), driven by a Rmb300mn NCM tax-related net loss, while non-NCM earnings remain flat YoY. PT HK$23, ...