HK Stock Market Move | TIANLI INT HLDG(01773) rose more than 6% in early trading. The company has been continuously repurchasing shares recently, and expects its trusteeship and multiple businesses to accelerate the contribution of new momentum.

TIANLI INT HLDG(01773) rose more than 6% in early trading, up 4.13% as of the time of writing, at HK$4.03, with a trading volume of HK$12.2912 million. On the news front, TIANLI INT HLDG spent HK$1.62 million on September 24 to repurchase 424,000 shares. In addition, the company spent a total of HK$24.5 million from September 12 to September 17 to repurchase 7.16 million shares, with the highest single-day repurchase quantity and amount since the company's listing on September 12 spending HK$12.9 million to repurchase 3.85 million shares. Guosen stated that the growth of high school students in TIANLI INT HLDG in autumn 2024 is good, and the high school business remains resilient. The revenue recognition pace of the entrusted business is better than previously estimated, and the introduction of multiple businesses into the external market income elasticity is expected to accelerate the contribution of new momentum to income performance growth. The disruption in funding transactions before and after the admission and the difference in enrollment data expectations have also provided a low-level layout opportunity for short-term stock price corrections, maintaining an "outperform the market" rating.