Damai Entertainment hits 3-week high on robust earnings estimate

Damai Entertainment Holdings

11/05/2026 03:33

** Shares of Damai Entertainment Holdings 1060.HK climb as much as 4.9% to HK$0.64, their highest level since April 20

** Stock last down 1.6%

** Content production and intellectual property (IP) merchandising licensing group expects net profit for the year ended in March to be no less than 700 million yuan ($103.01 million), compared with 364 mln yuan profit in previous year

** Increase is due to strengthened asset structure and lower investment loss amid reduced risk exposure in investment portfolio - co

** YTD, stock down 36.8%, while benchmark Hang Seng Index .HSI up 2.5%

($1 = 6.7952 yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))