Movement Alert｜East Buy Rises 5.24% in Regular Trading, Instant Retail Business Trial Launch Boosts Market Sentiment

Market Focus05-29

On May 29, East Buy (01797.HK) rose 5.24% in regular trading, trading at HKD 22.14 per share, with trading volume of HKD 106 million.

On the news front, East Buy recently announced the trial launch of its instant retail business in Shanghai, simultaneously debuting on three major platforms — JD Express Delivery, Taobao Flash Purchase, and Meituan — while reaching a strategic cooperation agreement with JD Logistics. The company has deployed 10 forward warehouses in Shanghai, with plans to establish 6 additional warehouses in Beijing in June. Each warehouse covers a 5-kilometer service radius with 439 SKUs planned for listing.

Additionally, the company continues to execute its share repurchase program, with recent cumulative buybacks exceeding tens of millions of Hong Kong dollars. Management has also increased personal holdings. Combined with expectations of significant full-year profit growth, multiple positive catalysts have converged to drive share price strength.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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