Bosideng (03998) rose more than 5% intraday, and as of press time, it was up 4.04% at HK$4.25, with 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 the Northeast.
Shenwan Hongyuan previously noted in a research report that the peak season is gradually beginning, and Bosideng is actively ramping up 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 total repurchase amount of HK$8.1119 million. So far this year, the company has conducted 13 buybacks in total, repurchasing 43.246 million shares and spending HK$172 million in aggregate.