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YUE YUEN IND Surges 11%+ as 9M24 Profit Expected to Increase Max. 1.45x YoY
YUE YUEN IND (00551.HK) today (28th) opened 7.6% higher at $16.14, and once surged 11.3% to a high of $16.7, after issuing a positive profit alert. The stock last printed at $16.68...
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YUE YUEN IND Surges 11%+ as 9M24 Profit Expected to Increase Max. 1.45x YoY
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YUE YUEN IND (00551.HK)  -0.300 (-2.358%)    Short selling $1.70M; Ratio 3.753%   today (28th) opened 7.6% higher at $16.14, and once surged 11.3% to a high of $16.7, after issuing a positive profit alert. The stock last printed at $16.68, spiking 11.2%, with 3.1546 million shares traded, involving $51.3903 million.

The Group expected to record an increase of 1.4-1.45x in its profit for the nine months ended September. The increase in profit was mainly attributable to the solid increase in the gross profit margin of the Group's manufacturing business alongside a substantial rise in brand customers' demand for its footwear products, with order fulfilment in its manufacturing business strengthening QoQ, driven by the further normalization of the global footwear market.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-03-25 16:25.)

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