Damai Entertainment Holdings (1060.HK): Alfish IP Cooperation Conference Takeaways & Latest Business Updates

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Damai Entertainment Holdings (1060.HK): Alfish IP Cooperation Conference Takeaways & Latest Business Updates

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16 Jul 2026 00:26:48 ET │ 13 pages

Damai Entertainment Holdings (1060.HK)

Alifish IP Cooperation Conference Takeaways & Latest Business

Updates

CITI'S TAKE Buy

Price (15 Jul 26 16:10) HK$0.49 In this note, we summarize key takeaways from our trip in Shanghai to

Target price HK$0.80 participate in Alifish IP cooperation conference. Key takeaways: 1) Alifish

has a dedicated team for Sanrio cooperation to drive stable growth; Expected share price return 63.3%

categories like toys, apparels and home living are progressing well on Expected dividend yield 0.0%

track; 2) Chiikawa official store was opened in Hangzhou in Apr'26, and Expected total return 63.3%

this year more stores will open in Guangzhou, Shenzhen, and Sanya. Market Cap HK$14,689M

Chiikawa offline experience stores such as ramen store and bakery will US$1,873M

also open; 3) Per Tmall 6.18 promotions data, based on effective GMV,

Sanrio is ranked No.1, Pokémon ranked No. 5 and Chiikawa ranked No. 16.

Overall, we see Alifish business to expand more into offline retail which is

inline with market expectations. Vicky Wei, CFAAC

+852-2501-2742

vicky.wei@citi.comAlifish IP business latest updates - 1) Alifish has a dedicated team for the Sanrio

cooperation to drive stable growth for the IP in China, number of licensing brands Alicia Yap, CFA

surpassed 300, and Alifish has designed over 50 IP Images for Sanrio IP. In 2027, IP +852-2501-2773

Cinnamoroll will celebrate the 25th anniversary, and IP My Melody & IP My Sweet alicia.yap@citi.com

Piano will be the key characters to celebrate the Year of the Goat; 2) In 2025, over

400 brands cooperated with Chiikawa on Tmall covering 50+ categories; Chiikawa