Glonghui May 4 丨 United Energy Group (0467.HK) bucked the trend and rose more than 3%, the fourth day in a row. It is now reported that HK$1.02 reached a two-month high, with a total market capitalization of HK$26.8 billion.
Southbound Capital made a net purchase of 1,342 million shares of United Energy Group on April 26, increasing its holdings for 3 consecutive days. Furthermore, China Merchants International previously anticipated that the Group's production growth would accelerate in 2022-24, and predicted that the company's net profit would increase 83% year-on-year this year.