On July 6, Wasion Holdings rose 7% in regular trading, trading at HK$21.4/share, with turnover of HK$24.39 million. The rally was driven by news that the company's wholly-owned Mexico subsidiary successfully won the annual smart meter tender from Mexico's Federal Electricity Commission (CFE).
According to the announcement, under the tender rules, the subsidiary may receive orders with a maximum total value exceeding RMB 695 million within the year, comprising approximately RMB 539 million in single-phase residential meters and approximately RMB 156 million in three-phase commercial and industrial meters. The order further validates the group's overseas smart meter business expansion capabilities.
Multiple positive signals are converging to support market sentiment. The company's subsidiary Wayon Energy has secured new overseas contracts totaling over RMB 1.6 billion year-to-date, primarily covering data center critical infrastructure and overseas power distribution products. Additionally, the company's share buyback program of up to HK$200 million continues to progress, with 960,000 shares repurchased on June 26, while Chairman Ji Wei has made consecutive share purchases in recent months.
(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.)
Comments