HK Stock Market Move | DAMAI ENT(01060) closing up nearly 6%, "Love Letter to Grandma" to be released worldwide soon, expected to bring incremental performance to the company's 27th financial year.

DAMAI ENT (01060) rose nearly 6% in the last trading session. As of the time of writing, it was up 3.77% at 0.55 Hong Kong dollars, with a turnover of 59.2416 million Hong Kong dollars. On the news front, the movie "A Letter to Grandma" produced by DAMAI ENT will premiere on the big screens in China, Hong Kong, Macau, Singapore, Malaysia, and Brunei on June 18. It will then gradually be released in more countries and regions. So far, the film has accumulated a box office revenue exceeding 1.67 billion yuan. Huachuang Securities believes that the success of "A Letter to Grandma" is expected to bring incremental performance to the company in the FY2027 fiscal year. Galaxy Securities, on the other hand, stated that DAMAI ENT, as a leading player in the domestic live entertainment industry, has a solid foundation in ticketing business. By deepening its upstream content layout and expanding its overseas business, creating new growth opportunities, the IP licensing business is stable, and the IP retail business, as a new strategic direction for the company, has received positive feedback offline. The layout of IP derivative business is gradually improving.