HK Stock Market Move | GEEKPLUS-W(02590) rose more than 8% in the morning session. The company recently announced a HK$2 billion buyback and initiated a stock incentive plan.

GEEKPLUS-W (02590) rose by over 8% in the morning session, reaching a 6.91% increase at the time of publication, at HK$12.54, with a trading volume of HK$286.341 million. On the news front, Geekplus recently announced its first large-scale share buyback plan since going public, with the board approving a plan to repurchase H shares worth up to HK$2 billion in the open market within 24 months. In addition, the company plans to grant incentives to eligible participants and service providers, with a planned authorization limit of 10% of the total issued shares, approximately 124 million Class B ordinary shares; the service provider sub-limit is 1%, around 12.4 million Class B ordinary shares. It is worth noting that Geekplus was recently included in the Hang Seng Artificial Intelligence Theme Index and the HKEX Tech 100 Index. Morgan Stanley points out that global AI capital expenditure is still strong in 2026, and Geekplus, as a comprehensive intelligent entity with scene-implementation capability, is expected to be one of the biggest beneficiaries of this wave of dividends. This hardcore inclusion in the index means that series funds tracking the index will start normalizing allocations, potentially bringing substantial incremental funds to Geekplus.