HK Stock Market Move | DAMAI ENT (01060) rises more than 6% in midday trading. The company will release its interim results next Thursday and has recently renewed its strategic cooperation with Galaxy Macau.

DAMAI ENT(01060) saw an increase of over 6% during trading hours, and at the time of writing, it has risen by 5.43% to 0.97 Hong Kong dollars, with a trading volume of 180 million Hong Kong dollars. In terms of news, DAMAI ENT plans to hold a board meeting on November 13 (next Thursday) to approve its interim performance. China Securities Co., Ltd. pointed out that they remain optimistic about Chiikawa, Sanrio, and other companies driving high IP performance. The recently opened Chiikawa flagship store in Shanghai has seen strong sales, with many limited edition products such as Fukka the Lucky Cat dolls and Dharma series dolls selling out multiple times. They are optimistic about performance growth. It is worth noting that Melco Resorts & Entertainment recently announced that they have renewed a three-year strategic cooperation agreement with DAMAI ENT and MacauTours, and the three parties will continue to hold multicultural events in Macau, and establish comprehensive cooperation in promotion, marketing, and ticketing systems. The cooperation will also extend beyond Macau to explore and research cooperation with various parties on non-Macau venue projects, aiming to create a hub for performing arts in the Guangdong-Hong Kong-Macau Greater Bay Area.