Hong Kong Stock Market News | WAI YUEN TONG soared over 222%, its subsidiary plans to sell Hong Kong properties for HKD 41 million.

Zhitong
2024.03.11 03:32
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WAI YUEN TONG's stock price surged by over 222%, reaching HKD 0.24, with a trading volume of HKD 5.79 million. The company plans to sell properties in Hong Kong for HKD 41 million to realize value and reduce debt. Debang Securities pointed out that the pharmaceutical industry currently has long-term investment potential, with traditional Chinese medicine offering high cost-effectiveness and strong performance. It is recommended to pay attention to oversold small and medium-cap stocks, position for the first-quarter report, and focus on innovation, international expansion, and traditional Chinese medicine as investment themes. The investment logic of domestic aging population will prevail over the next decade.