HK Stock Market Move | DAMAI ENT(01060) rose more than 4% at the close, and Da Mai International App is now available globally. Institutions say they are paying attention to the progress of new global IP signings.

DAMAI ENT (01060) rose more than 4% in the final trading session, rising 3.45% as of the time of publication to 0.9 Hong Kong dollars, with a trading volume of 80.6355 million Hong Kong dollars. On the news front, on December 5th, the global entertainment service platform MAISEAT launched an independent APP, which has been listed in the Apple App Store in various regions around the world. Zheng Xiaobo, the person in charge of MAISEAT's international business, stated that in the future, MAISEAT will continue to improve its product functions, starting with the Southeast Asia and Japan-South Korea performance markets, and upgrade the global cross-border viewing experience through the "full-platform layout + top IP landing" dual engine approach, and plans to integrate more performance categories and value-added services, aiming to become the preferred platform for global audiences to watch performances across borders. China Securities Co., Ltd. released a research report stating that it focuses on the company's progress in signing new global IP contracts and the landing of hosting projects for overseas top artists' tours. The company predicts that by 2025, overseas artists' concert performances will account for approximately 19% of the domestic market, with ticket sales accounting for about 25%, but the majority of high-seat quantity and attendance rate performances are from European and American artists. Additionally, approaching the end of the year, the strong demand for New Year's and year-end performances is expected to support the domestic off-season concert market. Overall, the cancellation of Japanese artist performances has limited impact on DAMAI's ticketing business.