HK Stock Market Move | VOBILE GROUP (03738) rose more than 11% with its stock price up over 50% in the past month. The company's total revenue in the third quarter increased by approximately 29% year-on-year.

VOBILE GROUP (03738) saw its afternoon increase expand by over 11%, reaching a high of 3.97 Hong Kong dollars, marking a 20-month high. The stock price has accumulated an increase of over 50% in the past month. As of the time of writing, it rose by 7.3% to 3.82 Hong Kong dollars, with a trading volume of 169 million Hong Kong dollars. In terms of news, VOBILE GROUP recently announced that for the three months ending September 30, 2024, the group's total revenue increased by approximately 29% year-on-year; revenue from mainland China business increased by around 27% in RMB terms; and monthly recurring revenue (MRR) increased by about 32% year-on-year. Last month, VOBILE GROUP announced its intention to repurchase company shares in the public market for a total amount not exceeding 200 million Hong Kong dollars. The company believes that the share buyback plan reflects its confidence in its business outlook and prospects. The company aims to increase shareholder value and support long-term growth through share buybacks. Guosheng Securities pointed out that in the first half of the year, VOBILE GROUP expanded its subscription service capabilities to more copyright categories, with a continuous increase in customer numbers. The penetration rate of content library steadily increased, achieving service coverage of all categories of copyrighted content. Value-added services grew rapidly, social media monetization capabilities expanded, service content went overseas, brand influence in the Chinese market strengthened, and customer numbers in the US market continued to grow, deepening cooperation with music label customers. Shanxi previously stated that with the rapid introduction of data-related policies, the process of marketizing data elements is expected to accelerate.