HK Stock Market Move | Eight Horses Tea (06980) surged more than 8% again. The net profit for the first half of the year is expected to increase by over 60% year-on-year. Institutions point out that its future performance is promising.

BAMA TEA (06980) rose by more than 8%, reaching 8.3% at the time of publication, with a price of 24.78 Hong Kong dollars and a turnover of 5.3783 million Hong Kong dollars. On the news front, BAMA TEA recently announced a profit increase, with revenue expected to increase by at least 30% in the six months ending June 30, 2026; and net profit attributable to owners of the company expected to increase by no less than 60% year-on-year. The significant year-on-year increase in net profit is mainly due to the expansion and growth of franchise channels, online channels, and major customer channels, driving the growth of revenue and profitability in the above-mentioned channels. Guotai Junan International recently stated in a research report that the company plans to open 1,500 stores in the next three years, an average of around 500 stores per year. With the expansion of stores and the conversion of new store types, same-store sales growth is expected to be driven, and future performance is expected to continue to grow. The company has a 250 million yuan repurchase quota for 2026, and is expected to launch a dividend plan. The current dynamic price-to-earnings ratio is only 7 times, worth paying attention to.