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The latest update is out from Damai Entertainment Holdings Limited ( (HK:1060) ).
Damai Entertainment Holdings has issued a profit alert indicating that net profit attributable to shareholders for the twelve months ended March 31, 2026 is expected to be no less than RMB700 million. This compares with approximately RMB364 million a year earlier and reflects a strengthened asset structure and reduced risk exposure in its investment portfolio, which led to a decline in investment losses.
The figures are based on unaudited management accounts and may differ from the final annual results, which are scheduled for release in late May 2026. The company has cautioned shareholders and potential investors to exercise care when trading its shares, highlighting that the improved profitability stems primarily from better investment risk management rather than underlying audited results at this stage.
The most recent analyst rating on (HK:1060) stock is a Buy with a HK$0.90 price target. To see the full list of analyst forecasts on Damai Entertainment Holdings Limited stock, see the HK:1060 Stock Forecast page.
More about Damai Entertainment Holdings Limited
Damai Entertainment Holdings Limited, formerly known as Alibaba Pictures Group Limited, is a Bermuda-incorporated company listed in Hong Kong, operating in the entertainment sector. The group focuses on entertainment-related businesses and investments, with its financial performance closely tied to the management of its asset structure and investment portfolio risk.
Average Trading Volume: 155,429,423
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.29B
For detailed information about 1060 stock, go to TipRanks’ Stock Analysis page.