Summary by Futu AI
Nayuki Tea Holdings Limited submitted the latest Securities Movement Monthly Report to Hong Kong Exchanges and Clearing Limited on November 1, 2024, reporting the company's shareholding changes as of October 31, 2024. The report shows that the company's statutory/registered share capital and issued share capital did not change during the reporting period, with the statutory/registered share capital remaining at 5,000,000,000 shares, with a face value of $0.00005 per share, totaling $250,000. The number of issued shares (excluding treasury shares) and treasury shares remained the same, at 1,705,010,647 shares and 2,577,500 shares, respectively. In addition, between July 19 and July 24, 2024, the company repurchased 2,577,500 ordinary shares under the general authorization and designated all such shares as treasury shares. The company also confirmed that the shares under the 2020 share buyback plan will come from transfers held by Forth Wisdom Limited, so this plan will not result in an increase in the company's issued shares, and the total number of issued shares will not be affected.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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