FOREST CABIN

Shanghai Forest Cabin reversed from morning gains to an afternoon slide, closing down 5.24% at HKD 48.80 as of 13:37 BJ, dragged by fading support from recent H-share buybacks (avg. HKD 53.64) and a broader liquidity squeeze in Hong Kong niche equities. Despite Q4 operating revenue surging 115.12% YoY to HKD 777 million and net profit jumping 86.27% YoY to HKD 99 million, with EPS of HKD 0.7887, the stock remains 49.17% below its 52-week high of HKD 96 and 74.16% above its 52-week low of HKD 28.02, trading below the 20-day MA (HKD 49.449) but above the 60-day MA (HKD 42.306). While multiple brokers (CICC, Citic Securities, Huatai) maintain Buy ratings, the stock's YTD decline of 42.66% underscores persistent headwinds from market fragmentation.

Shanghai Forest Cabin staged a low-open rally, driven by ongoing share repurchases and positive analyst ratings. The stock opened at HKD 48.58 and climbed steadily through the morning session, extending gains in the afternoon to close at HKD 51.40, up 5.03% from the previous close of HKD 48.94. The intraday range spanned from HKD 48.58 to 51.40, a swing of approximately 5.8%. Recent disclosures show multiple buybacks at average prices between HKD 42.12 and 53.64, while CICC, Citic Securities, and Huatai Securities have reiterated Buy ratings. Financial results for Q4 2025 showed operating revenue up 115.12% YoY to HKD 777 million, net profit up 86.27% YoY to HKD 99 million, and EPS of HKD 0.7887, up 86.04% YoY. However, the stock remains 46.46% below its 52-week high of HKD 96 and is down 39.6% year-to-date, though it has rebounded above both the 20-day MA (HKD 49.70) and 60-day MA (HKD 42.26).

2657.HK opened high and closed low today, declining from HK$49.08 to HK$47.00 in the morning session, a drop of 5.13%. The ultra-low volume of just 5,200 shares indicates extreme market caution, likely due to the absence of fresh catalysts after recent share buybacks. While Q4 2025 revenue surged 115.12% YoY to HK$777 million and net profit rose 86.27% YoY, the current price of HK$47.00 is 51.04% below the 52-week high of HK$96.00 and below the MA20 of HK$48.407, reflecting strong fundamentals being offset by broad valuation compression. CICC, Citic Securities, and Huatai Securities have maintained Buy ratings, though the stock's YTD decline of 44.77% and distance to the MA60 (HK$42.905) underscore lingering downside risks.

Forest Cabin opened sharply higher in the morning session, surging 8.1% from the previous close of HKD 47.30 to HKD 51.15 by 09:34 BJT, after hitting an intraday low at the opening price of HKD 47.70. The rally was driven by the company's recent share buyback efforts, with purchases at an average price of HKD 53.64 and HKD 42.12 designated for cancellation, signaling management's confidence. Fundamentally, Q4 2025 revenue surged 115.1% YoY to HKD 777 million, net profit rose 86.3% YoY to HKD 99 million, with a stable net margin of 12.8% and EPS of HKD 0.79 (+86.0% YoY). Despite being 46.7% below its 52-week high of HKD 96, the stock has recovered above its 20-day MA (HKD 48.22) and 60-day MA (HKD 42.99), though it remains down 39.9% year-to-date. However, earlier post-listing volatility suggests sustained upward momentum remains to be proven.

Shanghai Forest Cabin staged a rally-then-retreat today, rising to an intraday high of HKD 53.75 in the morning session but sliding continuously in the afternoon to close at HKD 49.38, down 5.04% from the previous close of HKD 52.00, mainly driven by profit-taking after the company's recent series of share buyback announcements. The company's Q4 2025 revenue surged 115.12% YoY to HKD 777 million, and net profit rose 86.27% YoY to HKD 99 million, fundamentals that support the stock, yet the YTD decline of 41.97% and the price being 48.56% below the 52-week high of HKD 96.00, though still above the MA20 of HKD 47.72, indicate persistent near-term selling pressure. While the company's FY2025 net profit grew 92.9% with a final dividend of HKD 0.95, and multiple brokerages including CICC and Citic Securities maintain Buy ratings, the current price action suggests a cautious market sentiment.