GEEKPLUS-W

Geekplus (2590.HK) traded at HKD 8.48 as of 13:20 BJ time, up 1.4% from prior close of HKD 8.37, after touching an intraday high of HKD 8.72 at 09:31 BJ (morning session) and then pulling back to consolidate around HKD 8.48. The stock drew support from a recent series of share buybacks (at HKD 8.74–9.49) and a first-half 2026 revenue increase of ~32% YoY to HKD 741 million. However, Q2 net loss widened to -HKD 102 million (YoY -1439%) with EPS -HKD 0.0762 (YoY -236.48%), sending the price 75% below its 52-week high of HKD 33.9. The stock remains below both its 20-day MA (HKD 9.48) and 60-day MA (HKD 10.14), with a YTD decline of 63%. BofA Securities lowered its target price sharply by 44% to HKD 15, citing elevated R&D expenses and lowered earnings estimates.

Geekplus shares opened higher to HKD 8.555 but then retreated throughout the session to close at HKD 8.305, down 5.09%, hitting an intraday low of HKD 8.305 – a record low since listing. The decline was driven by a BofA Securities report slashing its target price 44% from HKD 27 to HKD 15, citing high R&D expenses and lowered earnings forecasts. This followed a first-half 2026 net loss that widened over 14x to HKD 202 million, though revenue grew ~32% to HKD 1.47 billion. The stock now trades well below its MA20 (HKD 9.586) and MA60 (HKD 10.196), having plunged 75.5% from its 52-week high of HKD 33.9, with YTD losses at 63.99%. Ongoing share buybacks, however, have provided some marginal support.

Geekplus opened higher but reversed sharply, closing down 5.24% at HKD 8.86, near its all-time low of 8.555 set on Sep 2. The stock has plunged 73.86% from its 52-week high of HKD 33.9 and is down 61.58% year-to-date, entrenched in a bearish downtrend below its MA20 (9.774) and MA60 (10.318). Despite multiple share buybacks disclosed recently (at HKD 8.74, 8.83, 9.39, 9.49) and a first-half 2026 revenue growth of 25.3% to RMB 1.28 billion with narrowed adjusted net loss, the IFRS net loss widened to RMB 176.53 million and EPS plunged 236%, overshadowing the fundamental progress. The stock hit an intraday high of HKD 9.19 shortly after open but sold off to a low of HKD 8.85 in the afternoon session.

极智嘉（2590.HK）今日上午盘强势上涨 5.3% 至 9.69 港元，主要受公司持续回购及亮眼半年报推动。盘中高见 9.69 港元，低探 9.235 港元，振幅约 4.9%，成交量达 728 万股。公司 2026 年上半年营收同比增长约 25.3% 至 12.8 亿港元，但 IFRS 净亏损扩大至 1.77 亿港元，调整后净亏损则收窄 32.1%。近期多家券商维持买入评级，不过美银证券因研发支出高企将目标价大幅下调 44% 至 15 港元。当前股价仍低于 20 日均线（9.91 港元）及 60 日均线（10.50 港元），距 52 周高点 33.9 港元下跌 71.37%，但已自 52 周低点 8.555 港元反弹 13.44%。

2590.HK opened higher and surged 5.24% to HKD 9.230 by 9:32 BJ from the previous close of HKD 8.770, driven by positive news flow: the company disclosed several share repurchases (at HKD 8.74, HKD 8.83, and HKD 9.39) alongside its 2026 interim results. The results showed a 25.3% YoY revenue increase to RMB 1.28 billion, albeit with a widened IFRS net loss of RMB 176.53 million, yet the adjusted net loss narrowed 32.1% and orders rose 35.5%. The intraday session saw a jump from the open of HKD 8.935 to the day's high at HKD 9.230, with turnover of HKD 16.76 million. The stock remains 72.77% below its 52-week high of HKD 33.9 and down 59.97% YTD, trading below the 20-day MA (HKD 9.919) and 60-day MA (HKD 10.548), though the recent buybacks and order growth provide some near-term support.