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<On Move>EAST BUY Surges ~10% w/ Southbound Capital Support, Setting 2.5-yr High, Soars 3x in Total in 1.5 Mths
Recommend 11 Positive 28 Negative 14 |
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With the support of southbound capital, EAST BUY (01797.HK) continued its uptrend for 8 straight days. This morning (19th), the stock opened 0.9% lower before inclining, and once spiked 12.5% to a high of $48.8, setting an about-2.5-year high since February 2023. It last printed at $47.6, rallying 9.73%, with a trading volume of 30.6398 million shares, involving $1.427 billion. Based on the closing price of $11.86 on 30 June, the stock has surged over 3x in about one and a half months. The Company's transformation towards self-operation drove GMV improvement, aligning with new consumption trends and offering expansion opportunities, some institutions said. Attention is on the Company's shift from anchor-driven to product-driven, with its interim results to be announced this Friday (22nd). AASTOCKS Financial News Website: www.aastocks.com |
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