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Damai Entertainment Holdings Limited ( (HK:1060) ) has provided an announcement.
Damai Entertainment Holdings Limited has announced a revision of its annual cap for continuing connected transactions under the Commissioned Production Cooperation Framework Agreement. The company plans to increase the cap from RMB100 million to RMB200 million for the financial year ending March 31, 2026, due to higher-than-expected business volume driven by its expansion in drama series production. This adjustment reflects the company’s strategic response to increased demand and its ongoing investment in premium content, which could enhance its market positioning and operational scale.
The most recent analyst rating on (HK:1060) stock is a Buy with a HK$1.17 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 operates in the entertainment industry, focusing on the production of drama series and other premium content. The company is involved in commissioned production services and is linked with Alibaba Holding, which holds a significant share in the company.
Average Trading Volume: 214,142,983
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.99B
For detailed information about 1060 stock, go to TipRanks’ Stock Analysis page.