HK Stock Market Move | GEEKPLUS-W (02590) has risen over 5%, the company will be included in the Hang Seng Composite Index, and it is expected that an order with a large American retailer will soon be finalized.

GEEKPLUS-W (02590) rose by over 5%, as of the time of writing, it has risen by 4.65%, to 22.52 Hong Kong dollars, with a turnover of 21.9674 million Hong Kong dollars. On the news front, last Friday, Hang Seng Index Company announced the results of the third quarter review of the Hang Seng Index, in which GEEKPLUS-W will be included in the Hang Seng Composite Index. Daiwa pointed out that previously they had received a large order of over 300 million yuan from a large e-commerce platform in South Korea, and the company's management expects an upcoming order from a large retail company in the United States for a non-US overseas warehouse project worth 30 million US dollars. Based on the current order backlog, the management is confident in maintaining high revenue growth in 2026. Daiwa noted that the management of GEEKPLUS-W emphasized that the order volume has remained strong since the beginning of the year, and although a price increase was implemented in the first half of the year, orders from the United States are still growing at the fastest pace, accounting for over 30% of the total orders; the expected increase in the contribution of the US market to sales will support the gross profit margin in 2026. The bank reiterated its "buy" rating and considers GEEKPLUS-W as the top choice in the global logistics AI field, with an unchanged target price of 38 Hong Kong dollars; it believes that recent price fluctuations are mainly due to profit-taking, rather than a deterioration in fundamentals, providing investors with attractive risk-return opportunities.