Bairong Cloud-W Surges Over 4% in Afternoon Trading, Cumulative Buybacks Since Year-Start Near HK$83 Million

Deep News01-21

Bairong Cloud-W (06608) saw its share price climb 4.46% in the afternoon session, reaching HK$12.19, with a turnover of HK$26.5173 million.

The company has been actively repurchasing its shares recently. On January 13, it spent HK$2.483 million to buy back 200,000 shares. According to statistics, the company has conducted four separate buybacks since the beginning of the year, repurchasing a total of 6.6555 million shares for a cumulative amount of HK$82.9239 million.

Notably, on December 18, Bairong Cloud announced the launch of its "Silicon-based Employee" and Agent ecosystem. Haitong International believes the company is expanding from selling model services to leasing AI employees, potentially leading to a disruptive shift in the to-B AI and software industry's business model. If AI employees achieve a breakthrough and see widespread commercial use, effectively addressing pain points for B-end clients, the company's business structure could undergo significant changes. Coupled with the industry ecosystem layout for silicon-based employees, the company's business scope is expected to expand beyond the financial sector, empowering numerous industries and presenting vast potential for growth.

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