HK Stock Market Move | BOSIDENG (03998) rose over 5% during intraday trading; falling temperatures bode well for peak-season sales, while continued buybacks demonstrate confidence in development.

BOSIDENG (03998) rose over 5% during intraday trading, up 4.04% as of press time, at HK$4.25, with a turnover of HK$66.2908 million. On the news front, recent cold air has caused temperatures to drop across most parts of China. From the 5th to the 7th, minimum temperatures in the south will hit new lows over a wide area. The cold air has also brought rain and snow to central and eastern Inner Mongolia, northern Hebei, and Northeast China. Shenwan Hongyuan Group previously noted in a research report that the peak season is gradually kicking off, and BOSIDENG is actively leveraging its products and channels to seize peak-season sales opportunities. In addition, the company's continued implementation of share buybacks further demonstrates its confidence in development. On October 7, BOSIDENG repurchased 2 million shares at prices ranging from HK$4.035 to HK$4.065 per share, with a repurchase amount of HK$8.1119 million. So far this year, it has conducted 13 repurchases in total, buying back 43.246 million shares, with a cumulative repurchase amount of HK$172 million.