BLOKS

Bloks Group opened lower and rebounded in the morning session, last trading at HKD 51.05 as of 9:32 BJ time, down 3.0% from the previous close of HKD 52.65, with intraday range HKD 50.5-51.05. Recent share buybacks for cancellation at HKD 48.24-51.2, coupled with strong FY2025 results (revenue up 30% YoY to ~HKD 861M, net profit swung to ~HKD 184M, up 332% YoY, EPS HKD 0.74), support a PE of 18x. Despite the solid fundamentals, the stock trades 62% below its 52-week high of HKD 134.5 and below its MA60 of HKD 51.214, with YTD decline of 24.5%. However, a rally in new consumption stocks and a Buy rating from Jefferies provided some intraday support.

Bloks Group opened sharply lower at HKD 50.25 and declined unilaterally during the morning session, hitting a session low of HKD 47.48, down roughly 5% from the previous close. The stock is now 66.09% below its 52-week high of HKD 140 and trading below the 60-day moving average of HKD 52.876. Despite the company's recent share buyback announcements at HKD 48.24-51.2 and a strong rally in Hong Kong new consumption stocks, today's selling pressure erased earlier gains. Financially, Q4 2025 revenue grew 37.83% YoY to HKD 875.9 million, net profit surged 346.24% YoY to HKD 187.5 million, with a net margin of 21.41%. The stock trades at a PE of 16.75x and PB of 3.7x. However, year-to-date the stock is down 29.76%, and it has only rebounded 21.12% from its 52-week low of HKD 39.2, indicating cautious market sentiment.

Bloks Group opened lower and continued declining in the morning session, closing at HKD 49.40, down 5.0% from the prior close of HKD 52.00, driven by profit-taking after a recent rally and thin trading volume. The stock fell throughout the session, hitting the day's low of HKD 49.40, despite the company's announcement of share buybacks at HKD 48.3-51.2. Fundamental performance remained strong: Q4 2025 revenue surged 37.8% YoY to HKD 875.9 million, while net profit soared 346.2% YoY, with a net margin of 21.4%. However, the stock still trades 67.8% below its 52-week high of HKD 153.2, below the 60-day MA of HKD 53.16, and has fallen 26.9% YTD, with a PE of 17.4x and PB of 3.85x, suggesting market concerns over valuation and competition.

Bloks Group staged a sharp rally in the morning session, trading at HKD 49.46 as of 10:50 BJ time, up about 3.7% on turnover of HKD 16.99 million. The intraday pattern was a 'rebound from lows followed by a sustained climb': it opened at HKD 47.72, quickly dipped to HKD 47.34 (intraday low), then rallied continuously to HKD 50.20 (intraday high) at 10:19 before slightly paring gains. The move was driven by the company's repeated share buyback announcements for cancellation since April, sending a positive signal, alongside strength in Hong Kong's new consumption sector. On the news front, Jefferies had maintained a 'Buy' rating, while CICC kept an 'Outperform' rating but lowered its target price to RMB 100. In terms of price positioning, the stock remains ~68% below its 52-week high of HKD 154.5, but has reclaimed the 20-day moving average (HKD 46.04) and rallied ~26% from the 52-week low of HKD 39.2, though YTD is still down 26.8%. However, the stock remains below the 60-day MA (HKD 53.42), suggesting near-term technical repair is still ongoing.

Bloks Group opened sharply lower in the morning session, directly hitting HKD 47.60, down about 5.0% from the previous close of HKD 50.10, then staged a quick rebound but with limited strength, ultimately closing at HKD 47.60. The intraday high reached HKD 50.50, creating a trading range of nearly 6%. The company's recently released FY2025 results showed Q4 revenue grew 37.83% YoY to HKD 876 million, while net profit surged 346.24% YoY to HKD 188 million, with EPS reaching HKD 0.75, reflecting a significant improvement in profitability. Recent share buybacks at prices between HKD 47.79 and 51.20 have provided some support. However, the stock is now trading below its opening price and short-term moving averages, while still well off its 52-week high, with a PE of approximately 16.8x and PB of 3.7x.