HK Stock Market Move | MEITU (01357) rose more than 4% in early trading. The company may pay a special dividend early. Morgan Stanley says clearing the inventory of cryptocurrency signals improved management.

MEITU (01357) rose over 4% in early trading, and as of the time of publication, it rose 3.91% to HK$2.92, with a trading volume of HK$36.4782 million. In terms of news, MEITU announced that it will hold a board meeting on January 16 to consider issuing a special dividend of approximately HK$0.109 per share from its surplus account. If the board recommends the special dividend and all relevant conditions are met, it is expected to be paid in cash around February or March. Previously, the market expected the special dividend to be paid around June or July 2025. It is reported that MEITU announced in early December that it had sold all of its cryptocurrency holdings for a total cash consideration of approximately USD 180 million, with a profit of approximately USD 79.63 million (equivalent to about RMB 571 million), of which about 80% is intended to be used to pay the special dividend. Morgan Stanley previously pointed out that MEITU's stock price had long deviated from its intrinsic value due to its cryptocurrency holdings, causing long-term value investors to question MEITU's operational focus. Selling all cryptocurrency assets for shareholder returns and business development signals significant improvement in the company's management.