Yeahka (09923) rose more than 10% in early trading. As of press release, it was up 6.53% to HK$9.3, with a turnover of HK$42.4092 million.
The Zhitong Finance App learned that the Yeahka (09923) rose by more than 10% in early trading. As of press release, it had risen 6.53% to HK$9.3, with a turnover of HK$42.4092 million.
Societe Generale Securities pointed out that under the new economic situation, increased opening-up to the outside world continues to advance, and related payment services have also ushered in important development opportunities. Overseas sales of payment devices are growing strongly. Relying on the intergenerational advantages of terminals, Chinese POS manufacturers have broken through into overseas markets. According to Nielsen data, the top ten POS machine shipping companies in 2022 are all Chinese companies, accounting for about 63% of the shipping market. Furthermore, following the development of cross-border e-commerce and cross-border tourism, domestic third-party payments have ushered in new opportunities to go overseas.
Mobile Yeahka previously announced that total payment transaction volume (GPV) increased 7.9% month-on-month in the third quarter of 2024, and the average transaction volume, average number of daily transactions, and peak number of daily transactions continued to rise. Overseas business has been the focus of Yeahka in recent years, with a year-on-year increase of nearly 50% in the third quarter. The first is to expand the merchant base through Mastercard and Visa payment channels, which currently include car dealers, entertainment venues, and one-stop kiosk providers. Another aspect is cooperation with overseas companies that the company invests in, which allows Mobile Yeahka to jointly promote digital merchant solutions, thereby expanding its service products.