Guotai Haitong: Reiterates "Overweight" Rating on Damai Entertainment (01060.HK), Target Price HK$0.93

According to Zhitong Finance APP, Guotai Haitong has released a research report stating that Damai Entertainment (01060.HK)'s performance business continues to maintain absolute market leadership, and its second growth curve, IP derivative business, is developing strongly. The bank expects the company's EPS for fiscal years 2027-2029 to be RMB 0.03, 0.04, and 0.05, respectively. Using the PE valuation method, referencing comparable companies' average PE valuation of 31x for 2027, and taking into account Hong Kong stock liquidity, the bank assigns the company a 20x PE valuation for fiscal year 2028, corresponding to a target price of HKD 0.93 for fiscal year 2028, and assigns an "Accumulate" rating.