Movement Alert|EAST BUY Rises 5.04% in Regular Trading, Former CEO New Venture Weak Debut Eases Competitive Concerns

Market Focus
08/03

On August 3, EAST BUY rose 5.04% in regular trading, trading at 22.64 HKD/share, with turnover of approximately 44.54 million HKD.

On the news front, former CEO Sun Dongxu's jointly founded livestream venture \"Beautiful Tomorrow\" debuted on August 2. While online viewership exceeded 100,000 within 30 minutes and briefly topped Douyin's e-commerce rankings, estimated sales reached only 2.5 to 5 million yuan — a negligible figure compared to EAST BUY's projected full-year revenue of 56 to 58 billion yuan. The market's prior concern over competitive diversion, which had triggered a 7% selloff in mid-July, has materially eased.

The rebound is further underpinned by the company's positive profit alert issued on July 23, forecasting fiscal year net profit of 5.2 to 5.5 billion yuan, representing year-over-year growth exceeding 85 times versus 6 million yuan in the prior fiscal year. Citi has reiterated its \"Buy\" rating with a 33 HKD target price, while Goldman Sachs maintains a \"Sell\" rating with a 13.6 HKD target, citing elevated valuations relative to growth prospects.

(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.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10