Shares in Duiba (01753) rebounded strongly on December 22nd, rising more than 32 per cent at one point in intraday trading, Zhitong Financial APP learned. By the end of the day, the stock was up 23.14 per cent at HK $1.49, with a turnover of HK $35.967 million.
Today, Duba announced that its wholly-owned subsidiary Hangzhou Duiba Network Technology Co., Ltd. (Hangzhou Duiba) recently signed a procurement agreement with China UnionPay Co., Ltd. (China UnionPay) on the development of software solutions. Hangzhou Dipa will provide user-operated SaaS services for China UnionPay to promote and transform the online traffic of its target customers through an interactive platform, so as to promote and promote online business development. This contract undoubtedly adds a layer of protection to the fourth-quarter results of the exchange bar.
Earlier, the company announced that the company had signed 194 new contracts (including renewal) in the third quarter, of which 45 were signed by banking customers. Although the number of contracts signed by bank customers was the same as the same period last year, the total amount of newly signed contracts (including renewal) reached 45.4 million yuan in the quarter, an increase of nearly 79 per cent over the same period last year. This means a big increase in the unit price of customers. According to the data, the average unit price of passengers in the third quarter reached 234000 yuan, a record high. In addition, the unit price of bank customers in the third quarter was 504000 yuan, an increase of 118.3% over the same period last year. The improvement of the unit price of bank customers has promoted the high-quality development of SaaS's overall business and made the company's products become more high-quality.
The bottoming out of Biba's share price today sent a positive signal to the market. The fourth quarter is the traditional peak season of SaaS business. With its high-quality business and orders from major customers of existing banks, as well as the signing of the agreement between the subsidiary Hangzhou Exchange Bar and China UnionPay, it is believed that the company's stock price will perform well next.