CICC: Maintain outperform rating on Great Wall Entertainment (01060) with a target price of HK$1.32.

According to the Zhixin Financial APP, CICC released a research report stating that it maintains unchanged the annual revenue and profit forecasts for Dami Entertainment (01060), with the current stock price trading at 21 times P/E for FY26. The industry rating remains outperform. The target price is maintained at 1.32 Hong Kong dollars, corresponding to 30 times P/E for FY26, representing a 40% upside potential from the current stock price. The company has issued a profit forecast for FY1H26, expecting a net profit attributable to the company's owner of not less than 500 million yuan for the six months ending on September 30, 2025, an increase of about 48% year-on-year. The company is expected to announce FY1H26 results on the evening of November 13. The bank predicts that FY1H26 non-IFRS EBITA will be 537 million yuan.