Huitao Group (08238) surged more than 32%, surging 161% in the past 10 trading days. As of press release, it had risen 32.91% to HK$0.10, with a turnover of HK$2.86 million.
The Zhitong Finance App learned that Huitao Group (08238) soared by more than 32% and surged 161% in the past 10 trading days. As of press release, it had risen 32.91%% to HK$0.10, with a turnover of HK$2.86 million.
According to the news, Huitao Group previously announced that the company has decided to develop sales and marketing services related to luxury goods, including but not limited to brands and collectible watches. It is expected to create synergy with the Group's existing advertising business and FMCG sales business and diversify its business portfolio. The Board believes that the new business will benefit the company and its shareholders as a whole.
Wanlian Securities pointed out that with the overall advertising market performance picking up in 2023, Ladder Media will continue to maintain a high level of prosperity. With the liberalization of macroeconomic policies, traffic in offline consumption scenarios will gradually recover, and demand for offline advertising in corresponding scenarios will also recover.