HK Stock Market Move | ALI PICTURES(01060) up more than 4% now. The Spring Festival box office is expected to reach a new high, and the acquisition of Damai brings growth potential.

07/01/2025

Alibaba Pictures (01060) is now up over 4%, as of the time of writing, it has increased by 4.3% to HK$0.485, with a turnover of HK$62.0123 million.

ALI PICTURES (01060) is currently up more than 4%, with a 4.3% increase as of the time of writing, at HK$0.485, with a turnover of HK$62.0123 million. On the news front, as the 2025 Spring Festival approaches, several key films such as "Detective Chinatown 1900," "Ne Zha: The Reborn Devil," and "The National Towers: The War of West Qi" are scheduled to be released. HAITONG INT'L believes that with the multiple positive factors such as high-quality film supply and movie ticket subsidies, the overall box office of the 2025 Spring Festival is expected to reach a new high. It is recommended to focus on the content direction of film and short dramas. Huatai has released a research report stating that ALI PICTURES has a rich film project reserve and new business growth potential brought by the acquisition of Damai, making it a significantly valuable investment. Especially through the acquisition of Damai, ALI PICTURES has not only established new growth points, but also strengthened the foundation of its movie ticketing platform. At the same time, the movie investment business is expected to bring additional revenue elasticity for the company.