Stock Track | NUOBIKAN Soars 7.20% Intraday in Technical Rebound After Steep Correction

Stock Track09:42

NUOBIKAN's stock surged 7.20% during intraday trading on Tuesday, staging a strong rebound after a significant decline.

The sharp rise represents a technical rebound following a steep correction of over 60% from the stock's all-time high. The previous selloff was driven by multiple factors including profit-taking pressure after the stock was formally included in the Stock Connect program, association with a company involved in financial fraud allegations, and concerns about earnings sustainability despite revenue growth.

While the company reported a 23.7% year-over-year revenue increase for fiscal year 2025, net profit attributable to shareholders grew only 2.1%, reflecting margin erosion from a rising share of low-margin business and higher smart hardware costs, which had previously undermined investor confidence.

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