On September 4, MOBVISTA rose 5.3% in regular trading, trading at HK$10.11/share, with turnover of approximately HK$42.85 million. The rebound follows a notable acceleration in the company's share buyback program.
On the news front, MOBVISTA has conducted share repurchases for seven consecutive trading days since August 26. On September 3, the company significantly ramped up its buyback effort, repurchasing 930,000 shares at prices between HK$9.60 and HK$9.70, spending approximately HK$8.96 million — nearly double the prior day's volume. The stock had previously declined over 10% during the buyback period, with prices falling below the entire buyback cost range and touching a low of HK$9.54 on September 3 before showing signs of stabilization.
The company announced a buyback plan in July authorizing up to HK$300 million in repurchases, with a ceiling of approximately 162 million shares. To date, cumulative repurchases total around 3.74 million shares, representing only about 2.3% of the authorized limit, leaving substantial room for further buybacks. Separately, the company reported strong interim results on August 24, with revenue of US$1.156 billion in the first half, up 23.2% year-over-year, and adjusted net profit of US$52.11 million, up 39.5%.
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