Baoneng Group (01263) surged 27% yesterday and rose another 5% in the afternoon today. At the time of release, it rose by 4.32% to 5.31 Hong Kong dollars, with a turnover of 28.7456 million Hong Kong dollars.

On the news front, Baoneng Group released good news, expecting a mid-term net profit of no less than HKD 150 million until June, an increase of no less than 6.5 times compared to the same period last year's HKD 20 million net profit due to the improvement in the low gross margin rate in the same period last year. In addition, in response to business strategy, the company is currently considering introducing its shares to the Singapore Exchange through a suitable introduction method and applying for the feasibility of delisting from the Hong Kong Stock Exchange.

It is reported that Baoneng Group is a well-known graphics card manufacturer. Its main business is to design, develop and manufacture graphics display cards. It is one of the top five global brand partners of NVIDIA video display adapters. Zotac, a subsidiary of Baoneng Group, is a global core AIC partner of NVIDIA.