We maintain BUY on UFO Moviez with revised TP of Rs675 based on EV/EBITDA of 9x FY18F. For Q4FY17 we forecast flattish advertisement revenue YoY, impacted by demonetization. We expect this to impact the profitability and forecast EPS of Rs6.5, +1% YoY. However, we remain bullish about the FY18/19 growth in In-cinema' advertisement revenue. This has been reinforced by the recent deal with United Media Works. We await more details on the deal, which would be an upside trigger to our forecast. We factor flattish advertisement revenue in Q4FY17 and cut FY17/18E revenue by 1.5%/1.8% and EPS by 4.9%/5.6%. However, we maintain that UFO Moviez has significant re-rating...