Core Viewpoint - Goldman Sachs initiates a "Buy" rating for Damai Entertainment (01060) with a target price of HKD 1.38, highlighting the company's strong market position and strategic focus on live events and IP business as key drivers for sustainable growth [1] Company Performance - Damai Entertainment is recognized as China's largest live event ticketing platform and the largest IP licensing agent, positioning itself favorably across various verticals [1] - The company's stock has shown a strong performance year-to-date, with a 140% increase, indicating a market reassessment of its strategy towards live events and IP business over the more volatile film sector [1] Market Outlook - Despite the optimistic market sentiment towards the company, Goldman Sachs believes there is still room for stock price appreciation due to strong earnings growth and a focus on a more sustainable business model [1]
高盛：首予大麦娱乐“买入”评级 目标价1.38港元