Changes in Hong Kong stocks | White Pigeon Online (02672) rose more than 10% to hit a new listing high. Since September 10, the stock price has soared 2.7 times

The Zhitong Finance App learned that White Pigeon Online (02672) once rose 10.95% to a high of HK$119.6, reaching a new high since its launch. From September 10 to now, the stock price has increased 2.7 times. As of press release, it rose 10.02% to HK$118.6, and traded around HK$552,119 million.

According to the news, White Pigeon Online recently disclosed an announcement on the progress of its MaaS business. According to data, in the first three quarters of 2026, Baige Online's MaaS service revenue was 62.1 million yuan, an increase of about 730.4% year on year; MaaS revenue in the third quarter was about 25.6 million yuan, an increase of about 29.33% over the previous month. Great Western Securities (Hong Kong) claims that its five major changes point to the rapid elimination of uncertain discounts: full circulation of H shares has entered shareholders' meeting review, board restructuring has been implemented, MaaS volume is being accelerated quarterly, interim reports confirm the inflection point of operations, and the AI industry's consensus on real-world data pricing is being strengthened.

It should be noted that White Pigeon Online landed on the Hong Kong Stock Exchange on June 29 this year. The IPO issued a total of 33.344 million H shares, accounting for about 10.40% of the total share capital after listing, of which 3.334,600 shares were publicly sold and 30.98 million shares were placed internationally. The two cornerstone investors in the international placement subscribed for 1.282 million shares, and the actual marketable shares were 32.624 million shares after listing. At an issue price of HK$15.60, the market value of these shares was only about HK$500 million; after a sharp rise of 367.95% on the first day of listing, the actual marketable market value was only about HK$2,341 billion, and a small amount of capital could drive up the stock price sharply.