Movement Alert｜MEITU Falls 5.14% in Regular Trading, Recent Buybacks Failed to Reverse Share Price Pressure

Market Focus10-22

On October 22, MEITU fell 5.14% intraday in Regular Trading, trading at HK$3.415, with turnover of HK$124 million.

The clearest recent catalyst in public information is the company’s continued share repurchase activity, even as the stock remained below the recent buyback price range, indicating that near-term selling pressure has not eased.

MEITU most recently repurchased 2.8 million shares on October 15 for about HK$9.88 million at HK$3.505 to HK$3.57 per share, following a 2.69 million-share buyback on October 13 for about HK$9.96 million at HK$3.685 to HK$3.74, and a 2.75 million-share buyback on October 8 for about HK$9.89 million at HK$3.59 to HK$3.605. Earlier disclosures also showed first-half revenue of RMB2.213 billion, up 22.1%, and adjusted net profit of RMB652 million, up 39.5%.

(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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