Shares of DAMAI ENT (01060) surged close to 6% during the late trading session. As of the latest update, the stock was up 3.77%, trading at HK$0.55 with a turnover of approximately HK$59.24 million.
The catalyst for the move is the impending global theatrical release of the company's film, "A Letter to Grandma." The movie is scheduled to premiere in Hong Kong, Macau, Singapore, Malaysia, and Brunei on June 18th, with subsequent releases planned for more countries and regions. To date, the film's cumulative box office revenue has already surpassed RMB 1.67 billion.
Analyst Perspectives on Financial Impact
Analysts from Huachuang Securities believe the significant success of "A Letter to Grandma" is expected to contribute positively to the company's financial performance for the fiscal year 2027.
Company's Strategic Positioning and Growth Drivers
Galaxy Securities highlighted that DAMAI ENT is a dominant leader in China's live entertainment sector, with a solid foundation in its ticketing business. The company is actively creating new growth avenues by deepening its strategic layout in upstream content production and expanding its overseas operations. Its IP licensing business is showing stable growth, while the new strategic direction of IP retail has been well-received offline. The company is also progressively refining its layout in IP derivative businesses.
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