Movement Alert | BOSS ZHIPIN-W Rises 3.17% in Regular Trading, Share Buybacks and Institutional Adjustments Support Sentiment

Market Focus10-12

On October 12, BOSS ZHIPIN-W rose 3.17% in regular trading, trading at HK$61.9/share, with turnover of HK$1.698 million.

Market sentiment was supported by the company's continuing share buyback program and disclosure of changes in institutional holdings. On October 2, the company reported the repurchase of 271,930 Class A ordinary shares on Nasdaq on September 30 at an average price of US$7.3548, with the shares to be cancelled. This followed cumulative repurchases of 12,618,812 shares between May and June, which were cancelled on September 17.

Recent institutional movements were mixed. BlackRock reduced its long position, while Pandanus Associates Inc. increased its long position to 6.04%. JPMorgan trimmed its stake to 4.98%.

Looking at fundamentals, the company reported first-half revenue of RMB4.467 billion, up 11.0% year-over-year, with adjusted net profit rising 10.6% to RMB1.885 billion.

(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.

Comments

We need your insight to fill this gap
Leave a comment