On May 29, Nobikan fell 5.1% in regular trading, trading at 14.96 HKD/share, with trading volume of approximately 64.96 million HKD.

On the news front, the stock has continued to decline sharply since its inclusion in Stock Connect on April 20, falling from a high of 83.2 HKD with a cumulative drop exceeding 80%. Profit-taking selling pressure has yet to subside. The stock has recently been cited as a typical case of the recurring phenomenon where stocks crash immediately upon Stock Connect inclusion, further weighing on market sentiment.

Additionally, concerns over earnings quality persist. While the company reported revenue growth of 23.7% year-over-year, net profit attributable to shareholders grew only 2.1%, with this severe mismatch continuing to suppress valuation recovery. The stock has an actual free float of only approximately 30 million shares with extremely high daily turnover, and this low-float structure further amplifies price volatility.

(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.)