Morgan Stanley Expects DAMAI ENT Stock to Rise in Next 15 Days

Stock News
Aug 07

Morgan Stanley has released a research report, forecasting that the stock price of DAMAI ENT (01060) will rise over the next 15 days, with an estimated probability of 70% to 80% or higher. The upcoming release of the film "Welcome to the Dragon Restaurant" is seen as a short-term catalyst for the stock. Morgan Stanley rates the stock as "Overweight" with a target price of HK$0.80.

On August 5, the highly anticipated potential box office hit "Welcome to the Dragon Restaurant" announced it will be released in mainland China on August 11, with nationwide previews from August 8 to 10. DAMAI ENT is one of the main producers of this film.

Since the announcement of its second-half 2026 results at the end of May, DAMAI ENT's stock has fallen approximately 18.8%, compared to a 3.2% rise in the Hang Seng Index over the same period. This decline is attributed to the underperformance of its intellectual property (IP) business and low visibility for growth in the first half of 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10