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Hong Kong stock movement | EAST BUY (01797) rose over 6% as the company recently launched a gift-giving feature on its app, which is expected to bring new development opportunities for its WeChat store.
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.
Taobao and EAST BUY have joined in, starting a "gift-giving" battle in e-commerce.
① Analysts have pointed out that the demand for gifting is indeed a real market driving force, which can effectively translate into sales momentum, promoting the explosion of e-commerce node activities. ② Three Squirrels Inc. disclosed that during the gray testing phase of WeChat shops and while users were exploring usage patterns, the number of Orders exceeded 0.01 million, with gifting Orders and sales amount accounting for 3-5%.
EAST BUY (01797.HK) will hold a Board of Directors meeting on January 21 to approve the interim results.
Gelonghui, January 7th丨EAST BUY (01797.HK) announced that the Board of Directors meeting will be held on January 21, 2025, to review and approve the interim performance of the company and its subsidiaries for the six months ending November 30, 2024, and its publication, as well as to consider the declaration and distribution of an interim dividend (if any).
EAST BUY: NOTICE OF BOARD MEETING
【Brokerage Focus】Tianfeng maintains a "Buy" rating on EAST BUY (01797), indicating that the WeChat mini-store is expected to reactivate the company's advantages.
Jinwu Financial News | Tianfeng has released a Research Report indicating that since the incident involving EAST BUY's ‘little essay’ occurred, the bank believes that EAST BUY (01797) has undergone significant changes in Business, logic, valuation, and expectations. During this period, EAST BUY has deeply refined its self-operated products, enhanced its supply chain capabilities, and improved its online deployment strategy; successfully completing the operational transition amidst the traffic switch, remaining an outstanding Technology and cultural company.
Yu Minhong's New Year internal letter: Entering a new year does not mean that the road ahead will be easier.
First of all, I wish everyone a happy New Year in 2025, may all your wishes come true, may you have good health, and may your family be happy!
