Damai (1060.HK) HKSE closed 24 Feb 2026: Most-active at HK$0.83, target HK$1.47

1060.HK stock led Hong Kong trading volume on 24 Feb 2026, closing at HK$0.83, down 6.74% on heavy turnover of 663,156,000 shares. Damai Entertainment Holdings Limited (1060.HK) on the HKSE drew high activity after intra-day swings between HK$0.80 and HK$0.88. Today’s move reflects short-term selling pressure but also a volume-driven opportunity for active traders watching ticketing, streaming and IP monetization signals in the Communication Services sector.

1060.HK stock: Why volume spiked today

Trading volume surged to 663,156,000 versus a 30-day average of 177,292,943, roughly 3.74x higher, which pushed the share price down to HK$0.83. One clear driver was intra-day profit taking after earlier gains this year; the stock still trades well above its year low of HK$0.445. High turnover classified 1060.HK among the market’s most-active names on the HKSE, attracting short-term liquidity and volatility focused traders.

Valuation and financial snapshot for 1060.HK stock

Damai reports EPS of HK$0.02 and a quoted PE of 44.50 while TTM metrics show a PE of 32.72 and PB of 1.40. Market cap stands near HKD 26.26B. Key ratios show a current ratio of 1.71, debt-to-equity 0.04, and free cash flow yield around 6.95%. These figures point to a defensive balance sheet but mixed earnings multiples versus Communication Services peers.

Analyst signals, ratings and Meyka AI grade for 1060.HK stock

Meyka AI rates 1060.HK with a score out of 100: 66.79 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Independent company rating (23 Feb 2026) shows a neutral recommendation with mixed DCF and PE signals. No broad sell-side price target consensus is published, so model-driven forecasts and internal ratios guide the view.

Technical picture and short-term trading signals for 1060.HK stock

Momentum reads lean bearish: RSI 41.67, CCI -163.21 (oversold), and Williams %R -95.00. MACD histogram is slightly negative. Bollinger middle band sits HK$0.96 with lower band HK$0.89, suggesting price sits below the mid-band but above the lower band. The combination of high volume and oversold oscillators suggests possible short-covering rallies, but ADX at 26.93 signals a strong trend, currently to the downside.

Sector context and risks for 1060.HK stock

Damai operates in Entertainment and Communication Services, where sector average PE is near 23.09. Damai’s higher multiple reflects growth expectations from ticketing, AI-driven promotion (Beacon AI) and IP commercialization. Key risks include box-office volatility, platform competition, and seasonality in live events. Receivables days are long at 179 days, and payables days at 464, which add working-capital risk in episodic revenue cycles.

Forecasts, price targets and scenario sizing for 1060.HK stock

Meyka AI’s forecast model projects monthly HK$0.94, quarterly HK$0.90, and yearly HK$1.47. Using the yearly projection of HK$1.47 versus today’s HK$0.83 implies an upside of 77.23%. Conservative near-term target: HK$0.95 (upside 14.46%); base 12-month target: HK$1.47; longer-term 3-year scenario: HK$2.43. Forecasts are model-based projections and not guarantees.

Final Thoughts

Damai Entertainment (1060.HK) closed the HKSE session on 24 Feb 2026 at HK$0.83 after heavy volume of 663,156,000 shares, making it one of Hong Kong’s most-active stocks today. Valuation shows mixed signals: EPS HK$0.02, TTM PE 32.72, PB 1.40, and a healthy cash position but long receivable days. Meyka AI rates 1060.HK with a score out of 100: 66.79 (Grade B, HOLD) because the stock combines solid free cash flow metrics with sector-specific execution risk. Meyka AI’s forecast model projects a 12-month target of HK$1.47, implying 77.23% upside from today’s close; short-term traders may watch mean-reversion to HK$0.94–HK$0.95, while longer-term investors should monitor box-office trends, ticketing volumes and Beacon AI monetization. Forecasts are model-based projections and not guarantees. For active traders, the key insight is that today’s volume spike created a high-conviction liquidity window — use clear stop-loss levels and size positions to reflect the entertainment sector’s episodic revenue profile.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.