HK Stock Market Move | YIDU TECH (02158) surged nearly 9%, the company has recently attracted large orders, and will announce mid-year performance next Thursday.

YIDU TECH (02158) rose by nearly 9%, closing at a 3.5% increase, with a price of 5.92 Hong Kong dollars and a trading volume of 1.41 billion Hong Kong dollars. In terms of news, YIDU TECH recently attracted large orders. YIDU TECH's subsidiary Yidu Cloud won the bid for the Tianjin Binhai New Area Economic Development Zone Health Medical Big Data Platform project, with a total amount of approximately 21.76 million yuan. They also signed a contract with the Second Affiliated Hospital of Chongqing Medical University to build a smart hospital financial services basic data platform and related data services (Phase 1) with a total amount of 12.6 million yuan. It is worth mentioning that the company will hold a board meeting on November 21 to consider and approve the mid-term performance. EB SECURITIES previously mentioned that with AI enabling product price increases and further operational leverage effects, they expect the FY27 to turn losses into profits. Furthermore, YIDU TECH is favored by southbound funds. According to the latest data from Wind, southbound funds bought a net of 15.24 million shares of YIDU TECH yesterday, accounting for 18.55% of the daily trading volume. In terms of the amount of increase and decrease in holdings, based on the calculation using the quantity of increase or decrease in holdings and the average transaction price, southbound funds bought a net of 74.86 million Hong Kong dollars in YIDU TECH on that day, reaching a record high. As of November 13, southbound funds held a total of 122 million shares, an increase of 14.23% from the previous trading day, with a cumulative market value of 700 million Hong Kong dollars and a shareholding ratio of 11.54%.