Changes in Hong Kong stocks | Yidu (International Holdings) (00259) rose nearly 6%, and the medium-term profit is expected to increase by about 92% year-on-year, benefiting from changes in fair value of equity

The Zhitong Finance App learned that Yidu (International Holdings) (00259) rose by more than 9% at the end of yesterday and rose nearly 6% today. As of press release, it had risen 5.98% to HK$2.66, with a turnover of HK$1.074,300.

According to the news, on the evening of November 11, Yidu (International Holdings) announced a positive profit forecast. It is expected that the profit due to company owners for the six months ending September 30, 2026 will be about HK$2.3 billion, compared to about HK$1.2 billion for the six months ending September 30, 2025, an increase of about 92% over the previous year. This is mainly due to the income generated by changes in the fair value of the Group's equity in Jianghai, Nantong (after deducting the corresponding withholding tax) of approximately HK$2.5 billion. Such shares are recorded as financial assets that include profit and loss at fair value. At the same time, the company indicated that earnings depend on the stock price of Jianghai in Nantong, and that its stock price has been revised to a certain extent between September 30, 2026 and the announcement date.