The Zhitong Finance App learned that Beisen Holdings (09669) rose 10%. As of press release, it rose 10.67% to HK$8.09, with a turnover of HK$1,477 million.
According to the news, the Hang Seng Index Company recently announced the index review results. Among them, Beisen Holdings was included as a constituent stock of the Hang Seng Composite Index. The changes will take effect from September 4, 2023 (Monday). CITIC Securities pointed out that with platformization and the expansion and upgrading of third-party ecosystem applications, the user stickiness and potential sales scenarios of the company's solutions are expected to expand further. In the future, with the gradual promotion of cross-selling with new and old customers, high growth and strong sustainability in the company's performance can be expected. The first “increase in holdings” rating was given, with a target price of HK$11.