The Zhitong Finance App learned that Hong Jiu Fruit (06689) rose by more than 5%. As of press release, it had risen 5.25% to HK$20.25, with a turnover of HK$1,491,600.

According to a report published by UBS, Hong Jiu Fruit's stock price has been drastically adjusted recently, but the stock price already reflects downside risks. It believes the stock is undervalued, and it is expected that there will be more positive catalysts in the future, including gross margin expansion brought about by a better product portfolio and improved cash flow brought about by stricter accounts receivable management. As a result, the rating was upgraded from “sell” to “buy”. The target price was raised from HK$22.4 to HK$24.5.