Hong Kong Stock Movement | CIRRUS (02507) Rises Nearly 6% as Low-altitude Economy Gains Favor; Institutions Optimistic About Long-term Steady Growth Capability

Stock News
Oct 27

CIRRUS (02507) saw a nearly 6% increase, rising 5.98% to HKD 54.05 with a trading volume of HKD 21.12 million at the time of release. Recent developments from the Central Committee of the Communist Party proposed the creation of emerging pillar industries and accelerating the development of strategic emerging industry clusters, including the low-altitude economy. Additionally, recent joint proposals from Anhui and Henan support the low-altitude economy, while Guangdong has announced multiple policies to support this sector. According to Western Securities, the long-term competitive landscape of the industry remains solid, with CIRRUS possessing evident advantages in branding and manufacturing. This market share advantage is expected to be sustained, and the firm is optimistic about CIRRUS's long-term steady growth capability. Furthermore, the company is gradually advancing capacity expansion and service network construction, which, alongside improvements in future delivery capacity and product diversification, is expected to accelerate performance growth.

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