EXTREME VISION

Extreme Vision (6636.HK) fell sharply in the morning session, reaching HK$93.00 by 10:26 BJ, down 5.44%, with a single-leg downtrend from the intraday high of HK$97.10 to the low of HK$93.00, on turnover of about HK$1.995 million. The company recently guided H1 revenue growth of 160%-180% to RMB153.4-165.2 million, but Q4 2025 results showed revenue down 8.46% YoY to HK$173.2 million, a net loss of HK$10.5 million, net margin turning negative to -6.08%, and EPS of -HK$0.1049, plunging 127.57% YoY, following earlier single-day drops exceeding 10% in late April. At HK$93.00, the stock is 29.06% below its 52-week high of HK$131.1, yet still 66.07% above the 52-week low of HK$56.0, with YTD down 7%; it trades above both the MA20 (HK$88.73) and MA60 (HK$88.356), though the PB stands at 44x and PE is negative, underscoring ongoing financial strain.

Extreme Vision (6636.HK) surged sharply in the afternoon session, closing up 4.5% at HK$97.2, primarily driven by recent positive institutional outlooks and the company's forecast of a 160%-180% YoY revenue increase in H1. The stock opened lower at HK$92.95 and dipped to an intraday low of HK$92.5 in the morning, before rebounding steadily in the afternoon to hit a high of HK$97.2, forming a bottom-fishing recovery pattern. Despite the price surge, Q4 2025 earnings showed revenue declining 8.46% YoY to HK$173.2 million, swinging to a net loss of HK$10.5 million from a profit of HK$38.1 million a year earlier, with a net margin of -6.08%. The current price remains 73.57% above the 52-week low of HK$56 but still 25.86% below the 52-week high of HK$131.1, and trades below both the 20-day MA (HK$87.82) and 60-day MA (HK$88.453), suggesting the rally is sentiment-driven rather than fundamental. However, with a market cap of ~HK$11 billion and a PB ratio of 45.99, alongside a turnover rate of just 0.11%, market skepticism persists regarding the high valuation and loss-making operations.

6636.HK (Shandong Extreme Vision) fell sharply today, opening at HKD 95.1, briefly rising to an intraday high of HKD 96.8 in the morning session before declining steadily, hitting the day's low of HKD 90.2 right at the start of the afternoon session and closing at that level, down 5.15% from the previous close of HKD 95.1 on a turnover of HKD 5.5M. The company had guided H1 2026 revenue growth of 160%-180% YoY to RMB 153.4M-165.2M, but its latest Q4 2025 results showed revenue falling 8.46% YoY to HKD 173.2M and net profit swinging to a loss of HKD 10.5M (down 127.64% YoY), with EPS of -HKD 0.1049, weighing on sentiment. While Guotai Haitong reiterated a Buy rating, the stock is down 9.8% YTD, 31.2% below its 52-week high of HKD 131.1, and trades only slightly above MA20 (HKD 84.6) and MA60 (HKD 88.6), indicating persistent bearish momentum.

6636.HK staged a low-open, high-close rally, driven primarily by a Guotai Haitong Buy rating reaffirmed in July and the company's earlier H1 revenue guidance of 160%-180% YoY growth to RMB153.4M-165.2M. The stock hit an intraday low of 91.60 in the morning session, then rebounded from 91.95 in the afternoon to close at 96.15, up 3.3% from the previous close of 93.10. Volume was thin at 126,900 shares, with a turnover rate of just 0.11%. However, Q4 2025 earnings showed a net loss of HKD10.5M (vs. HKD38.1M profit a year ago) and a net margin of -6.08%, underscoring ongoing fundamental weakness. Price-wise, the stock is 26.66% below its 52-week high of HKD131.1, yet 71.7% above the 52-week low of HKD56, and trades above both the MA20 (HKD83.28) and MA60 (HKD88.80), indicating a relatively strong position.

6636.HK staged a low-to-high rally today, recovering from a morning session low of HK$79.65 to HK$87.10 by late morning, and extending gains to close at HK$87.25 in the afternoon session, up 5.95%, with total volume of 95,750 shares. The move was triggered by the company's bullish H1 revenue guidance, expecting revenue to jump 160%-180% YoY to RMB 153.4M-165.2M. However, Q4 2025 earnings showed revenue down 8.46% YoY to HK$173.2M, a net loss of HK$10.5M, and a negative net margin of -6.08%, underlining underlying weakness. The stock at HK$87.25 remains 33.45% below its 52-week high of HK$131.1, but has reclaimed the 20-day MA of HK$81.08, and stands 55.8% above the 52-week low of HK$56.0, with a PB of 41.28x. Guotai Haitong reaffirmed a Buy rating, though the stock is down 12.75% YTD.