On August 17, BLOKS rose 5.57% in regular trading, trading at HK$77.75/share, with turnover of HK$387 million. The stock has accumulated over 50% gains within the month.

The continued rally is driven by the company's interim results released on August 12. BLOKS reported H1 revenue of RMB 1.776 billion, up 32.7% year-over-year; net profit of RMB 387 million, up 30.5%; and adjusted net profit of RMB 401 million, up 25.1%. The board declared an interim dividend of HK$0.3247 per share, marking the first dividend since listing. Overseas revenue surged 228.5% to RMB 366 million, with Americas revenue jumping approximately 349% to RMB 198 million. CICC maintained an Outperform rating with a target price of HK$90, implying 26.8% upside, while Citi noted the results should boost confidence in full-year revenue growth of approximately 30%.

(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.)