HK Stock Market Move | ALI PICTURES (01060) rose more than 3% as they acquired Damai to build a new growth pole for the company. Institutions are optimistic about future growth prospects.

ALI PICTURES (01060) rose more than 3%, closing at a 3.23% increase to 0.48 Hong Kong dollars, with a total turnover of 14.8999 million Hong Kong dollars. Huatai released a research report stating that ALI PICTURES is an entertainment platform that focuses on the entire industry chain of the entertainment industry. The acquisition of Damai has created new growth opportunities for the company. The movie ticket platform has established a performance foundation, and the movie investment business is expected to bring revenue elasticity. The report pointed out that the acquisition of Damai has established new growth opportunities, and the development of IP derivative business is good. The movie ticketing and technology platform build industry infrastructure and provide a performance base. The report further stated that market views believe that the company's revenue growth is insufficient, but the report believes that the company's future growth prospects are good. The main growth areas will be reflected in: 1) the elastic revenue contribution of movie investment and production; 2) the revenue and profits of Damai and IP derivative business are expected to continue to maintain high growth.