Glory Star Announces Research Coverage Initiated by Dongxing Securities, With US$6.05 Price Target

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.