Movement Alert｜GIGADEVICE Intraday Rise 4.71% in Regular Trading, Ahead of Quarterly Results and Supported by Ongoing Buyback Progress

Market Focus10-28 09:33

On October 28, GIGADEVICE rose 4.71% in Regular Trading, trading at HK$343.4, with turnover of HK$68.96 million.

The move aligns with a combination of imminent earnings attention and a fresh buyback update. The company is scheduled to report quarterly results on October 29, while consensus expectations point to revenue of RMB4.405 billion, up 90.98% year over year, EBIT of RMB1.488 billion, up 397.04%, and adjusted EPS of RMB2.00, up 258.38%.

Separately, the company disclosed on October 27 that it had cumulatively repurchased 3.0086 million shares, equal to 0.43% of total share capital, for about RMB1.115 billion, at prices ranging from RMB271.43 to RMB411.95 per share. Under the previously approved plan, total buybacks are set at RMB1 billion to RMB2 billion, and all repurchased shares are intended for cancellation and capital reduction, reinforcing shareholder-return support as the stock remains well below its earlier peak.

(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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