Name: Latest research reports of UFO Moviez India Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: UFO Moviez India Ltd.
Rating: 5
Author: IDBI Capital

Result Review of UFO Moviez India

Buy: UFO Moviez India Ltd.

Target

IDBI Capital

UFO Moviez confirmed that both the segments have started seeing improvement in Q3, especially from the current month. We now forecast FY18 advertisement revenue growth of 15.1% YoY vs. 24.9% earlier. We are confident of growth to pick-up in FY19 to 31.7% (ex-Cube Cinema) on the back of 1) stronger movie content in FY19, 2) improvement in performance of CARAVAN and 3) benefit from UMW deal. The merger with Cube Cinemas is expected to be completed by Q1FY19. We expect...