On August 19, BLOKS rose 5.33% in regular trading, trading at HK$79.2/share, with turnover of HK$31.53 million. The stock rebounded sharply after declining over 5% in the previous session due to profit-taking.

The rebound was supported by multiple brokerage endorsements following the company's interim results release. Citi raised its target price to HK$82, CICC maintained its target at HK$90, and Huatai assigned a HK$100 target. Soochow Securities also maintained a buy rating, citing overseas expansion as a key growth driver. H1 revenue rose 32.7% YoY to RMB 1.776 billion, with net profit up 30.5% to RMB 387 million. Overseas revenue surged 228.5% to RMB 366 million, with Americas revenue up approximately 349%. While gross margin declined 4.1 percentage points to 44.3% due to higher mix of value-priced products and mold depreciation, Citi expects gradual margin recovery in H2 as assembly vehicle capacity ramps and product mix stabilizes.

(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.)