Changes in Hong Kong stocks | IFBH (06603) soared more than 40% in the afternoon, and the total market value still evaporated by nearly 90% from the high at the beginning of listing

The Zhitong Finance App learned that the IFBH (06603) stock price once soared by more than 40% in the afternoon, then the increase narrowed significantly. Notably, the stock hit a historic low of HK$4.995 this morning, and its current total market value is still nearly 90% off its initial high. As of press release, it rose 17.08% to HK$5.97, with a turnover of HK$96.493 million.

According to the news, IFBH will release its 2026 interim results on August 28. The company previously predicted that net profit for the first half of this year would plummet 65% to 75% year on year, and revenue would drop 40% to 50% year on year. The company attributed the main causes to geopolitical tension and weak consumer sentiment across categories. Furthermore, Hang Seng Index will announce the official results of the Hang Seng Index series adjustments after the close of trading on August 21 (this Friday). According to CICC estimates, IFBH may be removed from the Hong Kong Stock Connect list.