HK Stock Market Move | NEWBORNTOWN (09911) surged over 9%, included in two indexes of the FTSE Global Equity Index Series.

date
23/09/2024
avatar
GMT Eight
NEWBORNTOWN (09911) surged more than 9%, reaching a 9.75% increase at the time of publication, with a price of HK$3.04 and a trading volume of HK$12.1427 million. On the news front, recently, FTSE Russell released the latest semi-annual review report of the FTSE Global Equity Index Series (FTSE GEIS), disclosing the component stock adjustments for the China region index (GEIS China). NEWBORNTOWN was included in two indices, the FTSE All-Cap (LMS) and the FTSE Global Small Cap, with the changes taking effect today. This adjustment will further enhance the company's visibility and influence in the international capital market, as well as attract fund allocations globally to track this index. In the first half of this year, NEWBORNTOWN's total revenue reached HK$2.272 billion, a year-on-year increase of approximately 65%; net profit reached HK$388 million, a year-on-year increase of 28%; adjusted EBITDA reached HK$448 million, a year-on-year increase of 29%. The company has continuously achieved results in the Middle East and North Africa region in recent years, with the core social products' revenue in this region increasing by about 44% year-on-year in the first half of the year.

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