HK Stock Market Move | CIRRUS (02507) rose nearly 5% at the end of the day, with a cumulative increase of 10% in the past three days. Several institutions have sung praises for its performance.

CIRRUS (02507) rose nearly 5% before the close, with the stock price rising by 10% in the past three trading days. As of the time of writing, it is up 4.72% at 56.55 Hong Kong dollars, with a turnover of 3.7 billion Hong Kong dollars. On the news front, CIRRUS achieved revenue of 594 million US dollars in the first half of this year, a year-on-year increase of 25.1%; net profit was 64.966 million US dollars, a year-on-year increase of 82.5%. The company has received positive recommendations from multiple institutions after its performance. Huachuang Securities pointed out that the company's performance in the first half of the year increased by 73% compared with the same period last year, highlighting its leading position, and emphasized that the company's market value is still undervalued; HAITONG INT'L stated that the company's performance far exceeded expectations, showing strong profitability; Western believes that the continuous recovery of valuation and potential performance catalysts in the future are promising. It is worth noting that Hang Seng Index Company announced earlier that the quarterly review results showed that CIRRUS will be removed from the Hang Seng Composite Index. All changes will be implemented after the close on September 5th and will take effect from September 8th. Some analysts believe that it was removed from the Hang Seng Composite Index because it did not meet liquidity standards for two out of the last six months.