XIAO NOODLES

2408.HK opened the morning session 8.5% higher at HKD 3.69, driven by frequent share buyback cancellations (at least 7 filings from Apr to Jul 2026, prices HKD 3.05-3.57) and robust FY2025 results: revenue of HKD 1.6 billion (+41% YoY), net profit of HKD 106 million (+74.8% YoY), and EPS of HKD 0.057 (+66.9% YoY). At a P/E of 22.3x and P/B of 2.9x, the stock remains 39.2% below its 52-week high of HKD 6.07, though it has rebounded 23% from the 52-week low of HKD 3.0 and sits above the 20-day MA (HKD 3.508), while still below the 60-day MA (HKD 3.847).

2408.HK opened lower and staged a single-session rally in the morning session, reaching HKD 3.680 as of 10:05 BJ, up 8.88% from the previous close of HKD 3.380, with an intraday range of HKD 3.380-3.680. The rebound was driven by the company's recent share repurchases for cancellation and continued digestion of its maiden annual results: full-year 2025 revenue of approximately HKD 1.6 billion (YoY +41%), net profit of about HKD 106 million (YoY +74.8%), and Q4 EPS of HKD 0.0570 (YoY +66.85%), with net margin stable at 6.99%. The stock remains 39.37% below its 52-week high of HKD 6.07, with a YTD decline of 16.17% and trading below its MA60 (HKD 3.862), though it has reclaimed the MA20 (HKD 3.515). While the fundamentals support the move, waning appetite for mainland Chinese F&B stocks in Hong Kong may cap further upside.

Guangzhou Xiao Noodles dropped sharply today, accelerating in the afternoon session to close at HKD 3.45, down 5.22%, hitting an intraday low of HKD 3.45 with total turnover of HKD 1.287 million. Despite the company's recent string of share buyback cancellation announcements—with repurchase prices ranging from HKD 3.05 to HKD 3.57—the stock continued to weaken, suggesting limited market confidence lift from the buyback program. On the fundamental side, Q4 2025 revenue rose 52.8% YoY to HKD 511 million, net profit surged 71.7% YoY to HKD 34.5 million, and net profit margin held at 6.99%, with profit growth significantly outpacing revenue. However, the stock is now 43.2% below its 52-week high of HKD 6.07, down 21.4% YTD, and has broken below both its 20-day and 60-day moving averages (HKD 3.53 and HKD 3.964), sitting just 15% above the 52-week low of HKD 3.

Guangzhou Xiao Noodles staged a sharp afternoon comeback, closing at HKD 3.43, up 14.33% from the previous close of HKD 3.00, with an intraday range of 13.33%. The stock hit a 52-week low of HKD 3.04 in the morning session before surging to an intraday high of HKD 3.44 in the afternoon. The rebound was driven by the company's ongoing share buyback for cancellation—multiple HKEX disclosures in April show repurchases, most recently at HKD 3.57—and the passing of AGM resolutions. Fundamentals remain robust: Q4 2025 revenue grew 52.8% YoY to HKD 511 million, net profit jumped 71.65% YoY to HKD 34.5 million, EPS rose 66.85% YoY to HKD 0.057, and net profit margin held at 6.99%. However, the stock at HKD 3.43 still trades below its 20-day MA of HKD 3.62 and 60-day MA of HKD 4.05, with a YTD decline of 21.87% and a 43.49% drop from its 52-week high of HKD 6.07.

Guangzhou Xiao Noodles ended the day down 2.08%, with a persistently weak intraday pattern before closing flat at HKD 3.00. After a gap-down open at HKD 3.27 in the morning session, the stock drifted lower to an intraday low of HKD 3.00 in the afternoon, while total turnover was only HKD 2.88 million. Despite strong fundamentals — FY2025 revenue grew 41% YoY to HKD 1.6 billion and net profit jumped 74.8% to HKD 106 million — the shares trade at a PE of 18.15x and have lost over 50% from their 52-week high of HKD 6.07. The stock also remains below both the MA20 (3.667) and MA60 (4.068), contributing to a year-to-date decline of 31.66%. While the company has been actively buying back shares for cancellation, most recently at HKD 3.57 apiece, the weak debut and subdued market liquidity continue to weigh on sentiment.