Core Viewpoint - Goldman Sachs reports that Damai Entertainment (01060) has issued a positive profit forecast for the first half of the fiscal year 2026, expecting net profit attributable to shareholders to be no less than 500 million RMB, which is 7% higher than Goldman Sachs' expectations [1] Group 1: Financial Performance - The significant growth in net profit is primarily driven by strong year-on-year growth in the Aliyu business and a reduction in investment losses [1] - Goldman Sachs predicts total revenue for the first half of fiscal year 2026 (April to September) to reach 3.7 billion RMB, representing a 20% year-on-year increase, mainly driven by an 84% year-on-year growth in the IP business segment [1] Group 2: Business Segments - In the IP business segment, Goldman Sachs expects the contribution from Sanrio China to remain strong, while newly introduced IPs (including Chiikawa) will double the gross merchandise volume (GMV) of Aliyu [1] - The growth of Aliyu is anticipated to surpass that of Sanrio China, considering the contributions from newly introduced IPs and the expansion of product sales [1] Group 3: Investment Rating - Goldman Sachs maintains a "Buy" rating for Damai Entertainment, with a 12-month target price of 1.3 HKD based on the sum-of-the-parts (SOTP) valuation method [1]
高盛：维持大麦娱乐“买入”评级 上半年盈喜正面超预期