HK Stock Market Move | Ming Yuan Cloud (00909) is now up more than 7%, the digital dividend of the real estate and construction industry is expected to accelerate, and the company is actively transforming its customer structure.

MING YUAN CLOUD (00909) is currently up more than 7%, reaching 7.09% at the time of publication, with a price of 2.87 Hong Kong dollars and a trading volume of 19.3326 million Hong Kong dollars. Zhongtai pointed out that with continued policy support, there is a clear emphasis on stabilizing the real estate market. The bank stated that in the long term, the construction and real estate industry will continue to be an important sector of the Chinese economy, with a large fundamental size. After this round of industry adjustments, the real estate and construction industry is expected to shift from a high-leverage and extensive operating model to a refined and innovative operating model. Digital methods are an important means to enhance the capability of industrial companies to develop in a more refined manner, and the digital dividend of the real estate and construction industry is expected to accelerate. It is reported that MING YUAN CLOUD has a high market share in the vertical track of software service solutions for real estate developers, actively transforming its customer structure. As of the first half of 2024, over 50% of the income comes from state-owned enterprise customers. In addition, MING YUAN CLOUD announced in August of this year that the board has decided to utilize the share buyback authorization. Depending on market conditions, starting from August 16th, the company may buy back shares in the public market with a total amount not exceeding 500 million Hong Kong dollars.