EAST BUY (01797) surged over 6%, as of the time of writing, it rose by 6.59% to 18.44 HKD, with a trading volume of 0.113 billion HKD.
According to Zhitong Finance APP, EAST BUY (01797) has risen over 6%, currently up 6.59% to 18.44 HKD, with a trading volume of 0.113 billion HKD.
On the news front, on January 7th, the gifting feature was officially launched on the EAST BUY App. It is reported that the EAST BUY App offers a 'single gift package' mode for gifting to one specific friend, as well as options for 'group gift packages' and 'lottery gift packages'. Previously, the EAST BUY WeChat store had already launched the new 'gifting' feature. Citigroup believes that EAST BUY is in a favorable position to fully capture the surge in demand for seasonal gifting during the Spring Festival.
Tianfeng Securities pointed out that WeChat's small store may bring new opportunities for EAST BUY's development. Since the 'small essay' incident involving EAST BUY, the firm believes there have been significant changes in the Business, logic, valuation, and expectations of EAST BUY. During this period, EAST BUY has deeply refined its self-operated products, enhanced supply chain capabilities, and improved online delivery strategy; successfully navigating the operational transition amidst a change in traffic remains an excellent product Technology and cultural company.