Movement Alert|Damai Entertainment Rises 6.67% in Regular Trading, Multiple Investment Banks Maintain Buy Ratings Boosting Market Confidence

Market Focus
06/02

On June 2, Damai Entertainment rose 6.67% in regular trading, trading at HK$0.64 per share, with trading volume of approximately HK$97.83 million. The rebound follows multiple investment banks issuing positive research reports after the company's annual results release on May 27.

Specifically, Huatai Securities maintained a Buy rating with a target price of HK$1.19; CICC maintained an Outperform rating with a target price of HK$0.9, implying approximately 50% upside from the current price; and Jefferies maintained a Buy rating with a target price of HK$1.10. The consensus among institutions has provided sustained support for sentiment recovery following earlier profit-taking pressure.

The company reported FY2026 revenue of approximately RMB 8.024 billion, up 20% year-over-year, and net profit attributable to shareholders of approximately RMB 705 million, up 94% year-over-year. The stock had previously pulled back after earnings landed in line with guidance, but is now rebounding as institutional endorsements combine with continued box office momentum from its co-produced film A Letter to Grandma, reinforcing expectations for the company's diversified growth strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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