HK Stock Market Move | NEW GONOW RV (00805) rose more than 27% in early trading. The company holds the second largest market share in the motorhome industry in Australia and New Zealand.

NEW GONOW RV (00805) surged more than 27% in early trading, rising 19.49% to HK$1.41 as of the time of writing, with a trading volume of HK$6.3493 million. According to the prospectus, NEW GONOW RV is a camper company with an extensive business network in Australia and New Zealand, designing, developing, manufacturing, and selling customized trailer campers. According to Frost & Sullivan, based on the revenue and sales volume of 2023, New Gonow ranks second in the camper industry in Australia and New Zealand. Frost & Sullivan data shows that the camper market in Australia and New Zealand exhibits a relatively concentrated structure. Based on sales volume data of 2023, the top five participants in the camper market in Australia and New Zealand collectively hold about 55.4% market share, with New Gonow holding approximately 6.8% market share. Additionally, based on revenue data of 2023, the top five participants in the camper market in Australia and New Zealand collectively hold about 52.0% market share, with New Gonow holding approximately 7.8% market share.