GEEKPLUS-W

Geekplus opened higher and continued to rise in the morning session, reaching HKD 9.36 by 9:45 BJ, up 5.1% from the previous close, with an intraday range of HKD 9.07 to 9.36. The stock gained after the company stated the U.S. advanced robotics ban will not have a material impact and announced plans to open a U.S. manufacturing facility. Q4 2025 revenue rose 37.93% YoY to HKD 1.193 billion, with net profit turning positive to HKD 20.88 million, and EPS of HKD 0.0162, up 112.53% YoY. Despite the strong earnings turnaround, the stock remains 72.36% below its 52-week high of HKD 33.90 and down 59.37% YTD, trading below its MA20 (HKD 10.04) and MA60 (HKD 13.36), though recent share buybacks suggest management confidence.

Geek+ closed at HKD 8.93, down 4.6% from the previous close of HKD 9.36, primarily due to selling pressure from a major shareholder's stake reduction. The stock hit an intraday low of HKD 8.85, a new 52-week low, before recovering to the closing price in the afternoon session. The company's Q4 revenue grew 37.93% YoY to HKD 1.193 billion, while net profit surged 155.36% YoY to HKD 20.88 million, marking a turnaround to profitability. However, the current price remains far below the 52-week high of HKD 33.9 (down 73.66%) and trades below the 20-day MA (HKD 10.253) and 60-day MA (HKD 13.499), with a YTD decline of 61.27%. The company has been actively repurchasing shares, though the non-executive director's resignation and the shareholder's stake reduction weighed on sentiment.

Geekplus opened sharply lower in the morning session, hitting an intraday low of HKD 9.36, down over 4.6%, primarily due to persistent market pressure after the stock hit a new all-time low of HKD 9.3 yesterday. Despite frequent share buybacks at prices ranging from HKD 9.81 to 10.52, the impact has been limited. Fundamentally, Q4 revenue grew 37.9% YoY to HKD 1.19 billion, with net profit turning positive, while EPS surged 112.5% YoY. However, TTM P/E remains deeply negative at -1070x, and P/B is 3.27x. The stock is now 72.4% below its 52-week high of HKD 33.9 and down 59.4% YTD, trading well below its MA20 of HKD 10.73 and MA60 of HKD 14.07, indicating improving fundamentals have yet to reverse the downtrend. Though, the WAIC spotlight on Chinese robotics firms underscores the company's long-term positioning in the warehouse automation sector.

Geekplus-W (2590.HK) opened at HKD 10.10 and sold off sharply in the morning session, hitting a session low of HKD 9.76 by 09:38 BJT, a decline of 5.43% from the previous close. The stock has been under persistent pressure since listing, now trading 71.21% below its 52-week high of HKD 33.9 and well below both its 20-day (HKD 11.274) and 60-day (HKD 14.804) moving averages. Despite the company's recent share buyback programs and a Buy rating from Morgan Stanley, the stock continues to hit new lows and has now broken below its previous 52-week low of HKD 9.48.

Geek+ closed at HKD 10.32, essentially flat from the previous close of HKD 10.27, following a session of hitting a high then pulling back. The stock surged to an intraday high of HKD 10.70 in the morning session but gradually retreated in the afternoon, touching a low of HKD 10.29 before paring losses. The company continues its share repurchase program, with a next-day disclosure return filed today showing a buyback at an average price of HKD 10.52. However, the stock remains under pressure, with a YTD decline of 55.25% and a current price of HKD 10.32, representing a 69.56% discount from the 52-week high of HKD 33.9. It also trades well below both its 20-day MA (HKD 11.405) and 60-day MA (HKD 14.957), underscoring extreme price weakness. That said, Morgan Stanley recently issued a Buy rating, and the company's earlier announcement of a share buyback program of up to HKD 2 billion over two years provides some cushion.