HK Stock Market Move | Vobile Group (03738) rose more than 6%, with its stock price reaching a new high of over 1 and a half years. Total revenue in the third quarter increased by approximately 29% year-on-year.

VOBILE GROUP (03738) rose by more than 6%, reaching a high of 3.79 Hong Kong dollars, the highest since March last year. As of the time of writing, it has risen by 6.46%, at 3.79 Hong Kong dollars, with a trading volume of 67.1957 million Hong Kong dollars. On the news front, VOBILE GROUP recently announced that in the three months ending September 30, 2024, the group's total revenue increased by approximately 29% year-on-year; the revenue from mainland China operations increased by about 27% in RMB terms; and the monthly recurring revenue (MRR) increased by about 32% year-on-year. Shanxi previously stated that with the frequent introduction of data element-related policies, the marketization process of data elements is expected to accelerate. Guosheng Securities pointed out that in the first half of the year, VOBILE GROUP expanded its subscription service capabilities to more copyright categories, the number of customers continued to grow, the penetration rate of content library steadily increased, and coverage of services for all categories of copyright content was achieved; value-added services grew rapidly, expanding the monetization capabilities of social media; services and content went global, enhancing the brand influence in the Chinese market; customer numbers in the US market continued to expand, and deepened cooperation with music label customers.