Damai Entertainment Holdings Limited
Damai Entertainment Holdings Limited (HKSE: 1060) is trading at HK$0.45, about ₹6 at today's HKD/INR rate, as of 28 Sep 2026, 4:08 AM ET, up 1.12% today. Indian residents can buy Damai Entertainment from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.45
Today's high
HK$0.46
52 week low
HK$0.44
52 week high
HK$1.08
1060 opened at HK$0.45, closed previously at HK$0.45, and has traded between HK$0.44 and HK$1.08 over the past 52 weeks.
About
Damai Entertainment Holdings Limited, an investment holding entity, is a prominent player in the entertainment sector across Hong Kong and mainland China. Its core business operations primarily span content creation, advanced technology solutions, and the comprehensive commercialization of intellectual property. The company is deeply involved in the entire lifecycle of diverse entertainment content. This encompasses investing in, producing, promoting, marketing, and distributing various media formats, such as cinematic films, online drama series, traditional broadcast and television programs, and specialized short dramas tailored for children. On the technological front, Damai manages leading film ticketing and related technology platforms, notably Tao Piao Piao and Yunzhi. Furthermore, it offers Beacon AI, a data-driven product designed to provide intelligent promotion and distribution insights specifically for the entertainment industry. Beyond traditional entertainment, Damai extends its reach into emerging digital asset services, facilitating the issuance and factoring of digital collectibles and developing associated platforms. Crucially, it manages the full spectrum of live performances, encompassing event ticketing, on-site operational support, sophisticated ticketing issuance systems, and venue management. This holistic approach also covers the investment, production, and promotion of the performance content itself. The company also provides a suite of professional services, including investment management and strategic consultation. It actively invests in and distributes intellectual property rights for film and television productions. Its technological expertise translates into consultation, transfer, and promotional services. Additionally, Damai orchestrates the planning and execution of screen-based, cultural, and artistic events, offers performance brokerage, and handles the design, production, agency, and release of advertising campaigns. Further broadening its scope, Damai is involved in the advertising and retail of entertainment-themed merchandise and derivative products, including popular toys and action figures. It provides comprehensive computer system services, supplies specialized software systems for cinema ticketing and connectivity, and engages in general software design and development. The company also operates a talent agency and develops various IP-related product lines. Originally incorporated in 1994 and headquartered in Beijing, China, the company was previously known as Alibaba Pictures Group Limited. Damai Entertainment Holdings Limited functions as a subsidiary of Ali CV Investment Holding Limited.
Key statistics
Avg. volume
150.45M
Market cap
HK$13.32B
P/E Ratio
14.36
Price-to-sales ratio
1.15
Enterprise value
CN¥8.07B
Free cash flow yield
34.14%
Debt-to-equity ratio
0.02
Return on equity
4.74%
ROIC
2.84%
Beta
0.85
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥7.74B
Earnings per share
CN¥0.02
Free cash flow
CN¥2.49B
Net profit margin
8.00%
Gross margin
34.87%
EBITDA
CN¥637.45M
Revenue growth
15.52%
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This is not an investment recommendation
How to buy Damai Entertainment from India
Indian residents can buy Damai Entertainment shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Damai Entertainment and place an order
Find Damai Entertainment by name or by its ticker, 1060, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Damai Entertainment trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Damai Entertainment position in HKD and INR. Damai Entertainment pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Damai Entertainment from India
Trading and taxes when buying Damai Entertainment from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneDamai Entertainment does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Damai Entertainment stock?
Yes. Damai Entertainment (1060) has been listed on the Hong Kong Stock Exchange since 1994, in the Entertainment industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Damai Entertainment share cost in rupees?
One Damai Entertainment share is HK$0.45 — about ₹6 at an HKD/INR rate of 12.24 on 27 Sep 2026. Both the Damai Entertainment price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Damai Entertainment from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Damai Entertainment?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Damai Entertainment shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Damai Entertainment price. Paasa issues a capital-gains statement for your return.
Does Damai Entertainment pay a dividend?
No. Damai Entertainment does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Damai Entertainment from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is Damai Entertainment a Hong Kong SAR China company, and does that change how it is taxed?
Damai Entertainment trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Damai Entertainment trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Damai Entertainment shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Damai Entertainment holding, its cost and its closing value.
How do I sell Damai Entertainment and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.