On June 22, Damai Entertainment (01060.HK) fell 5.66% in regular trading, trading at HKD 0.51 per share with turnover of HKD 38.52 million, hitting a new 52-week low.

On the news front, Zhongtai Securities recently issued a research report maintaining its Buy rating but sharply cutting earnings forecasts. FY27-28 net profit attributable to shareholders was revised down from RMB 1.514/1.965 billion to RMB 876/1.023 billion, representing a reduction exceeding 40%. The downgrade reflects the fact that overseas operations and IP retail and self-operated businesses remain in early-stage investment phases, weighing on near-term profitability. While the company delivered strong FY26 results with revenue of RMB 8.024 billion (up 20% YoY) and net profit of RMB 705 million (up 94% YoY), the market is focused on longer-term earnings delivery. The current price-to-book ratio stands at just 0.83x, reflecting significant downward revision in growth expectations.

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