Hong Kong Stock Movers | YADEA (01585) Rises Over 5%, Southeast Asia's Fuel Motorcycle Market Offers Large Space, Domestic Sales Expected to Recover Rapidly

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According to Zhitong Finance APP, YADEA (01585) shares rose over 5%, reaching 5.02% as of press time, at HK$9.42, with a turnover of HK$127 million.

On the news front, starting from July this year, Hanoi has piloted time-based restrictions on fuel-powered motorcycles in central urban areas; Indonesia has introduced purchase subsidies for electric motorcycles since June and plans to promote large-scale electrification conversion of fuel motorcycles.

Analysts point out that Southeast Asia's fuel motorcycle market offers significant space, and against the backdrop of high oil prices, the trend of electric two-wheelers replacing fuel motorcycles is expected to accelerate.

Additionally, according to GF Securities, the company's third-quarter shipment volume turned positive year-on-year, mainly driven by product optimization and policy relaxation leading to a rapid recovery in domestic sales, and the company's domestic recovery is sustainable.

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