HKSE most active: 1060.HK Damai Entertainment HK$0.83 26 Feb 2026: volume drives focus
Damai Entertainment (1060.HK stock) closed the Hong Kong session at HK$0.83 on 26 Feb 2026, drawing attention as one of the HKSE most active names. Trading volume hit 668,246,000.00 shares versus an average of 177,292,943.00, signalling elevated market interest. Price held between HK$0.80 and HK$0.88 intraday, while the stock sits well below its 52-week high HK$1.37 and above its 52-week low HK$0.45. We examine catalysts, valuation, and the Meyka AI forecast to frame short and medium-term outlooks.
Performance snapshot: 1060.HK stock
Damai Entertainment (1060.HK) ended the day at HK$0.83 with 0.00% change. Market capitalisation was 24,489,071,139.00 HKD and shares outstanding 29,504,904,987.00. The stock shows year-to-date decline of -6.74% and one-year gain of 45.61%, reflecting mixed sentiment in the entertainment sector.
What drove trading: volume and catalysts
Elevated volume of 668,246,000.00 shares pushed 1060.HK stock into the most-active list, likely driven by ticketing and content updates and market comparisons to peers. Investors are watching platform metrics for Tao Piao Piao and Beacon AI traction. For competitor context see recent comparisons on Investing.com source and Beijing Enlight Media peer data source.
Fundamentals and valuation for 1060.HK stock
Trailing EPS is HK$0.02 with a reported P/E of 41.50 and TTM P/E around 30.36 by key metrics. Price-to-book stands at 1.29, ROE is 4.37%, and free cash flow yield is 7.49%. The company maintains low leverage with debt-to-equity of 3.56% and a current ratio of 1.71, showing balance-sheet resilience despite cyclical revenue patterns.
Technical view and Meyka grade for 1060.HK stock
Technicals show momentum weakness: RSI 34.71, MACD negative, and Bollinger Bands middle at HK$0.95. Short-term support sits near HK$0.80, resistance near HK$0.95–1.05. Meyka AI rates 1060.HK with a score out of 100: the stock scores 66.94 and receives a B (HOLD). This grade factors S&P 500 comparison, sector and industry metrics, financial growth, key ratios, forecasts, and analyst consensus. Meyka AI, as an AI-powered market analysis platform, flags moderate valuation and growth trade-offs.
Analyst outlook, forecasts and price targets
Meyka AI’s forecast model projects a monthly price of HK$0.94, a quarterly view of HK$0.90, and a 12-month projection of HK$1.47. Using the 12-month forecast, implied upside from today’s HK$0.83 is 77.20%. Suggested price targets: near-term HK$0.90, base 12-month HK$1.47, and bull 3-year HK$2.43. Forecasts are model-based projections and not guarantees.
Risks and opportunities for 1060.HK stock
Key opportunities include stronger ticketing volumes, successful IP monetisation, and Beacon AI adoption. Risks include content cycle variability, slower ad spend, and longer receivable cycles (DSO 178.89 days). Investor focus should weigh operational growth against a stretched P/E and episodic revenue drivers.
Final Thoughts
1060.HK stock finished the session as a most-active HKSE name with HK$0.83 price and heavy volume of 668,246,000.00 shares. The company shows solid balance-sheet metrics, including low debt-to-equity 3.56% and FCF yield 7.49%, but faces near-term momentum headwinds in technical indicators. Meyka AI’s forecast model projects a 12-month price of HK$1.47, implying potential upside of 77.20% from the close. Our view is neutral to constructive: near-term trading may remain volatile while fundamental catalysts mature. Monitor earnings on 2026-06-03, ticketing KPIs, and Meridian content releases. For quick reference see our Meyka stock page for 1060.HK stock analysis and updates Meyka stock page. Forecasts are model-based projections and not guarantees.
FAQs
What drove the high volume in 1060.HK stock today?
High volume in 1060.HK stock came from increased trading interest in Damai’s ticketing and content platforms. Volume was 668,246,000.00 shares, well above the average 177,292,943.00, signalling short-term speculative and position adjustments by institutions.
How does Damai’s valuation compare to peers for 1060.HK stock?
Valuation metrics for 1060.HK stock show P/B 1.29 and TTM P/E near 30.36, below some fast-growth peers but above defensive media names. Low leverage and FCF yield 7.49% support relative valuation.
What price target should investors watch for 1060.HK stock?
Watch a near-term target of HK$0.90, a 12-month base target HK$1.47, and a three-year bull target HK$2.43. These are model-driven levels and not guaranteed outcomes.
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.