BBSB INTL

8610.HK (BBSB International) staged an afternoon session rally, rebounding from its morning session opening at HKD 0.560 to hit an intraday high of HKD 0.585, closing up 4.46% with only 72,000 shares traded (turnover rate 0.01%). The stock reached its 52-week high of HKD 3.11 on January 12, 2026, then plunged to a low of HKD 0.49 on June 29, still 81.19% below its peak. Although the 20-day MA (HKD 0.574) has crossed above the 60-day MA (HKD 0.559), the YTD decline of 12.69% indicates persistent weakness. News-wise, the stock debuted at a 400% premium on its first day but has since corrected sharply, reflecting fading market enthusiasm. In Q4 2025, revenue grew 28.1% YoY to HKD 70.4 million, yet net profit slumped 75.75% YoY to HKD 2.97 million, with a net margin of only 4.22%, severely denting valuation recovery. Nonetheless, today's afternoon rebound above the 20-day MA suggests tentative support emerging at current levels.

BBSB INTL opened lower and continued to decline in the morning session, dropping from HKD 0.59 at open to HKD 0.55 as of 10:51 BJ time, down 6.8% from the previous close of HKD 0.59, with a thin volume of 8,000 shares. The stock had surged to HKD 3 on its listing day, a 400% gain, but has since fallen sharply, with the current price down over 81% from its 52-week high of HKD 3 and 44% below its IPO price of HKD 0.99. Financially, Q4 2025 revenue rose 28.1% YoY to HKD 70.4 million, but net profit plunged 75.75% YoY to HKD 2.97 million, and operating profit fell 46.38% YoY to HKD 8.33 million, indicating deteriorating profitability. The stock trades at a P/E of 22.8x and P/B of 2.6x, with a market cap of HKD 275 million. While recent Hong Kong IPO activity has been vibrant, the company's status as a Malaysia-based civil engineering contractor provides niche appeal.

8610.HK closed down 3.4% at HKD 0.57 today, primarily driven by continued pullback from the first-day high of HKD 3.11, coupled with a sharp 75.75% YoY drop in Q4 net profit to HKD 2.97 million, which significantly dampened sentiment. The stock opened at HKD 0.59 in the morning session but weakened, hitting an intraday low of HKD 0.53 in the afternoon session, a decline of 10.2% from the high, before settling at HKD 0.57. This price is 81.67% below the 52-week high of HKD 3.11 but slightly above MA20 (HKD 0.553) and MA60 (HKD 0.562). Although news about a vibrant Hong Kong IPO market and the company's initial 400% surge on listing day drew attention, deteriorating fundamentals have weighed on the stock. Still, the price has rebounded 16.33% from the 52-week low of HKD 0.49, and the stock trades at a PE of 23.63x and PB of 2.7x, offering some valuation support.

BBSB INTL fell 5.08% to HKD 0.56 in the Hong Kong morning session, opening at HKD 0.59 before dropping to HKD 0.56 and fluctuating near the low. The company's Q4 2025 revenue grew 28.1% YoY to HKD 70.4 million, but net profit plunged 75.75% YoY to HKD 2.97 million, with a net profit margin of only 4.2%, severely deteriorating profitability, which is the primary reason for the decline. The stock is now 82% below its 52-week high of HKD 3.11, only 14.3% above the 52-week low of HKD 0.49, and trading between the MA20 (0.539) and MA60 (0.559), indicating a weak price position. While the stock debuted at HKD 3 on the first day, triggering massive oversubscription, speculative enthusiasm has faded, and trading volume was only 16,000 shares today.

BBSB INTL closed flat at HKD 0.59, identical to the previous close, following a rebound-from-lows pattern: after opening at HKD 0.57, the morning session dipped to HKD 0.56 (intraday low) before recovering to HKD 0.59 (intraday high) in the afternoon, with total volume of only 156,000 shares—far below the 46 million shares on debut day. The stock opened at HKD 3.11 (52-week high) on its listing date (Jan 13) and has since retreated 81% from that peak, though it has bounced 20% from the HKD 0.49 low on June 29. Revenue in Q4 grew 28% YoY to HKD 70.4 million, yet net profit plunged 76% to HKD 2.97 million, with a net profit margin of only 4.2%, showing top-line expansion failed to translate into profitability. Still, cautious onlookers dominated the session, while the stock has re-climbed above both the 20-day (HKD 0.533) and 60-day (HKD 0.557) moving averages, suggesting narrowing range-bound action may precede a breakout.