What drove 1060.HK stock’s drop on 24 Feb 2026?

High-volume profit taking drove the drop. Volume reached **663,156,000** shares versus a 30-day average of **177,292,943**, creating selling pressure that pushed the price to **HK$0.83**

What price targets exist for 1060.HK stock?

Meyka AI projects monthly **HK$0.94**, quarterly **HK$0.90**, and a 12-month target **HK$1.47** (implied upside **77.23%**). Conservative near-term target is **HK$0.95**

How does Meyka AI rate 1060.HK stock?

Meyka AI rates 1060.HK with a score out of 100: **66.79**, Grade **B**, suggestion **HOLD**. The grade blends benchmark, sector, growth and analyst factors; not financial advice

What are main risks to owning 1060.HK stock?

Key risks include box-office and live-event volatility, long receivable days (**179**) and seasonality of ticketing revenue. Competitive pressure in online ticketing and IP monetization also matter

HK Stocks

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

ByHuzaifa Zahoor February 24, 2026

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.