Glory Star Announces Research Coverage Initiated by Dongxing Securities, With US$6.05 Price Target
July 27 2021 - 6:00AM
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.
For a copy of the Report please contact
Investment Strategy Department at Dongxing Securities. Email:
is@dxzq.com.hk
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.
About Glory Star New Media Group Holdings
Limited
Glory Star New Media Group Holdings Limited is a
leading digital media platform and content-driven e-commerce
company in China. Glory Star's ability to integrate premium
lifestyle content, including short videos, online variety shows,
online dramas, live streaming, its Cheers lifestyle video series,
e-Mall, and mobile app, along with innovative e-commerce offerings
on its platform enables it to pursue its mission of enriching
people's lives. The Company's large and active user base creates
valuable engagement opportunities with consumers and enhances
platform stickiness with thousands of domestic and international
brands.
Safe Harbor StatementCertain
statements made in this release are "forward looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995. When used
in this press release, the words "estimates," "projected,"
"expects," "anticipates," "forecasts," "plans," "intends,"
"believes," "seeks," "may," "will," "should," "future," "propose"
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. Such forward-looking states
include, but are not limited to, the Company’s ability to develop
its online retail and SaaS industry value chains, expand its
business relationship with existing clients and continue its
business growth trajectory. These forward-looking statements
are not guarantees of future performance, conditions or results,
and involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company's control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, are: the ability to
manage growth; ability to identify and integrate other future
acquisitions; ability to obtain additional financing in the future
to fund capital expenditures; fluctuations in general economic and
business conditions; costs or other factors adversely affecting the
Company's profitability; litigation involving patents, intellectual
property, and other matters; potential changes in the legislative
and regulatory environment; a pandemic or epidemic. The
forward-looking statements contained in this release are also
subject to other risks and uncertainties, including those more
fully described in the Company's filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
applicable law. Such information speaks only as of the date of this
release.
ContactsGlory Star New Media Group Holdings
LimitedYida YeEmail: yeyida@yaoshixinghui.com
ICR LLC.Robin YangTel: +1 (646) 308-0546Email:
gsnm@icrinc.com
- Dongxing Securities
- Dongxing Securities
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