On August 26, SMOORE INTL rose 4.19% in regular trading, trading at HK$10.92/share, with turnover of HK$52.46 million, extending its upward trend since the release of interim results.

On the news front, Daiwa raised its target price for SMOORE INTL to HK$9.4 on August 24 while upgrading net profit forecasts for this year and next. Shenwan Hongyuan maintained its overweight rating, highlighting the strong growth in HNB business. The company's H1 HNB product revenue reached RMB 962 million, surging 322.1% year-over-year, with the market remaining optimistic about achieving the full-year RMB 2 billion HNB sales target. On the same day, the company granted 2.2 million reward shares to 7 employees and 3.67 million share options to 6 employees at an exercise price of HK$10.18, signaling management confidence. Warming expectations of domestic HNB market liberalization further bolstered bullish sentiment.

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