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Hong Kong stocks in motion | IDREAMSKY (01119) rebounded by over 3%. The mobile and console versions of "Kara Pichu" are planned to be globally launched in 2025.
IDREAMSKY (01119) rebounded more than 3%, as of the time of writing, up 3.45% to 1.8 HKD, with a transaction amount of 10.4823 million HKD.
On January 8, IDREAMSKY (01119.HK) spent 2.9008 million Hong Kong dollars to repurchase 1.6336 million shares.
On January 8, Gelonghui announced that IDREAMSKY (01119.HK) spent HKD 2.9008 million to repurchase 1.6336 million shares, with a repurchase price per share ranging from HKD 1.74 to HKD 1.83.
[Brokerage Focus] Kainos Securities maintains a 'Buy' rating on IDREAMSKY (01119) as its game 'Kara Pichu' performs well on the overseas PC platform.
Jinwu Financial News | On January 6, IDREAMSKY (01119) announced a plan to buy back company shares totaling up to HKD 0.2 billion. The Board of Directors believes the value of the company's on-market shares is severely undervalued. The current financial and Business conditions of the company are good, with sufficient financial resources, enabling the company to maintain rapid growth in Group Business while carrying out the share buyback plan. The share repurchase is expected to enhance share value, thereby increasing Shareholder returns. The bank stated that the company’s self-developed 2D shooting competitive game 'Kalabichu' will globally launch on PC on November 22, 2024.
Statistics on Hong Kong Stock Buybacks | January 8
Hong Kong Stock Buyback Statistics | January 8
IDreamSky Technology Launches Share Buyback Plan
IDREAMSKY's buyback boosted its stock price performance, with an intraday increase of over 14%.
① How does the Board of Directors of IDREAMSKY view the current stock price? ② How is the company's recent situation?
There's No Escaping IDreamSky Technology Holdings Limited's (HKG:1119) Muted Revenues Despite A 37% Share Price Rise
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