HK Stock Movement | CHINA EB LTD (00165) Surges Over 11% in Early Trading, Fund Investments Strongly Tied to Tech Sector

Stock News12-09

CHINA EB LTD (00165) saw its shares surge over 11% in early trading today. At the time of writing, the stock was up 7.51% to HK$9.73, with a trading volume of HK$264 million.

The rally follows a research report released by Guotai Haitong Securities in September, highlighting the company's focus on tech-sector investments within its fund management business. Since 2021, all newly established funds have targeted high-tech industries. Notable past investments include companies like ACM Research and Shanghai Micro Electronics Equipment. However, the report cautioned that some of these investments may have already been exited.

On the financial investment front, CHINA EB LTD has backed several industry leaders such as Yangtze Memory Technologies, Circle, 4Paradigm, SenseTime, and Hengyi Biotech, spanning various tech sub-sectors. Many of these investments are now maturing.

In terms of key corporate investments, the company's elderly care subsidiary has delivered steady performance, while its AI-focused unit, Terminus, is poised to capitalize on the AI boom and accelerate its IPO plans.

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