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Oshidori Stock Jumps Over 8% on Forecast of Tripled Profits
Shares of Oshidori International Holdings Ltd (0622.HK) surged on Friday after the company issued an upbeat profit forecast for the first half of 2026, signaling a significant increase in earnings.
Profit Alert Drives Gains
In a statement, the Hong Kong-based brokerage announced it expects to report a first-half profit of HK$297.1 million. This figure represents a more than threefold increase from the same period a year earlier.
The company attributed the strong performance to favorable market conditions and robust trading revenues, according to a report from Investing.com.
AdMarket Reaction
Oshidori's stock closed up 8.4% at HK$2.71, bucking a broader market decline that saw Hong Kong's Hang Seng index fall 1.2%. During the session, the stock reached an intraday peak of HK$2.84, marking a new 52-week high.
Breaking a 52-week high can be a significant technical signal for investors, often attracting momentum-driven buying. The stock's performance is particularly notable given its dramatic rally from a 52-week low of HK$0.46.
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