The Zhitong Finance App learned that Feiyang Group (01901) rose more than 4% in the intraday period. As of press release, it had risen 3.67% to HK$1.13, with a turnover of HK$495.05 million.
According to the news, the latest data from the Hong Kong Stock Exchange shows that on December 29, the company's chairman Ho Bin-feng increased his holdings of Feiyang Group by 380,000 shares, at a price of HK$0.8 per share, for a total amount of about HK$304,000. After the increase in holdings, the latest number of shares held was 329 million shares, and the latest shareholding ratio rose to 39.54%.
According to reports, Feiyang Group is a well-known travel service provider located in Ningbo, Zhejiang. According to the company's 2023 interim report, the company's revenue for the first half of last year increased by 6769.9% year-on-year to 479 million yuan (RMB, same below), and profit of 158.99 million yuan. Bank of China Securities pointed out that the number of travelers and revenue during the 2024 New Year's Day holiday have all increased compared to last year's Mid-Autumn Festival and National Day recovery. Market sentiment is still high, and they are optimistic about the subsequent rational prosperity of the market.