Hong Kong TVIt is now at HK $9.81, up 3.48%, with a temporary turnover of HK $24.1 million and a new market capitalization of HK $8.9 billion. The stock rose 233.92% last year and hit an all-time high of HK $17.02 on January 19, up 49% from its closing price of HK $11.42 on December 31 last year. After that, the stock began to fluctuate lower and give back all its gains so far this year. The stock has fallen 14% so far this year.
Hong Kong Television recently announced that in May, the total merchandise trading volume of orders was 514 million Hong Kong dollars, an increase of 8.9 per cent year-on-year and 5.3 per cent month-on-month.
Daiwa research reported that this is roughly in line with the bank's expectations, taking into account the low gross profit margin, the bank lowered Hong Kong TV 2021 earnings per share forecast by 6%, but raised the 2022 forecast by 3%, which takes into account the contribution of 3C products to the growth of total merchandise trading volume is more obvious. The bank maintains its buy rating, with a target price of HK $14.