On July 28, EAST BUY rose 5.03% in regular trading, trading at 23.84 HKD/share, with turnover of approximately 61.90 million HKD. The stock extended its rally following a positive earnings forecast and Citi's reiterated Buy rating.
The company previously issued a profit alert projecting FY2026 total revenue of 5.6 billion to 5.8 billion RMB, representing year-over-year growth of approximately 27.3% to 31.8%. Net profit is expected to reach 5.2 billion to 5.5 billion RMB, surging over 85 times from just 6 million RMB in the prior fiscal year. Citi reiterated its Buy rating with a target price of 33 HKD, noting that at the guidance midpoint of approximately 5.7 billion RMB, revenue exceeds market consensus by roughly 9%, while net profit also surpasses the street estimate of 4.8 billion RMB.
The company attributed the profit surge primarily to continued expansion of its private-label product portfolio and product mix optimization. Audited full-year results are scheduled for release on August 21.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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