---
title: "Geek+ (2590.HK) hits 52-week low on HK$110 million block trade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299003174.md"
description: "Geek+ slips to 52-week low at HK$8.325 as HK$110 million block trade at nearly 10% discount surfaces."
datetime: "2026-09-15T06:09:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299003174.md)
  - [en](https://longbridge.com/en/news/299003174.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299003174.md)
generator: "portal-rs"
---

# Geek+ (2590.HK) hits 52-week low on HK$110 million block trade

Geek+ (2590.HK) slipped **0.54%** in Hong Kong trading to **HK$8.325**, hitting a 52-week low. A block trade of **14.55 million shares** was executed at HK$7.540 each, totaling roughly HK$110 million, at a **9.92%** discount to the previous close.

The company has been actively repurchasing shares, buying back 2.8 million shares for about HK$23.51 million on Sept 14 alone, with near-daily buyback activity since the start of September.

In its interim results, Geek+ reported first-half revenue of **1.284 billion yuan**, up 25.3% year-over-year, with new orders reaching **2.385 billion yuan**, up 35.5%. However, the IFRS loss widened to **177 million yuan**, mainly driven by foreign exchange losses and increased R&D spending on embodied intelligence. BofA Securities cut its target price by 44% to HK$15 from HK$27, while maintaining a Buy rating.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**