HK Stock Market Move | IFBH(06603) surged by over 18% on heavy trading volume. The company has recently been frequently buying back its shares and had previously announced plans to buy back up to 5% of its shares within six months.

IFBH (06603) surged over 18% on high volume. As of the time of writing, it had risen by 18.35% to HKD 20.9, with a trading volume of HKD 4.07 billion. On the news front, IFBH has been actively buying back shares recently. On January 14, the company spent HKD 1.666 million to repurchase 9.66 thousand shares; on January 15, it spent HKD 3.591 million to buy back 21.1 thousand shares; on January 16, it used HKD 2.6375 million to repurchase 15.4 thousand shares. It is worth noting that IFBH announced at the end of December last year that it plans to buy back up to 5% of its shares within six months. Soochow issued a research report stating that IFBH is actively exploring diversification on the basis of its main business of coconut water, building a light asset model, with a remarkable level of ROE. Currently, IFBH's valuation is in the low range, coupled with improving fundamentals on the margin, and the medium-term channel leveraging to make up for sales shortcomings, further strengthening the positive cycle of its business model.