DAMAI ENT (01060) saw its stock price surge by 6.98% during intraday trading on Monday, reflecting positive investor sentiment towards the company and the broader film and television sector.
The rise is attributed to the strong box office performance in January 2026, with total revenue (including pre-sales) already exceeding 1 billion yuan. Additionally, anticipation for the upcoming Lunar New Year film period, featuring a diverse lineup of highly anticipated movies, has further boosted investor confidence.
Everbright Securities noted that the involvement of popular directors and casts in films like "Pegasus 3" and "Boonie Bears: Always There" adds assurance to the box office performance, despite expectations that the 2026 Lunar New Year period may not match the buzz of 2025.
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