HK Stock Market Move | 361 Degrees (01361) rose by over 4% again, reaching a new all-time high in stock price. It is expected that e-commerce and superstores will continue to be the main drivers of growth.

361 DEGREES (01361) rose by over 4%, reaching a historical high in stock price, with a cumulative decline of over 20% after performance. As of the time of writing, it increased by 3.58% to HK$6.66, with a turnover of 54.8686 million Hong Kong dollars. In terms of news, 361 DEGREES previously released its annual performance, with a group income of 11.146 billion renminbi, a year-on-year increase of 10.64%; net profit attributable to shareholders was 1.309 billion renminbi, a year-on-year increase of 13.95%. The board of directors recommended a dividend of HK$0.113 per share for the end period of the reviewed year, with a full-year dividend payout ratio of 45.0%. Changjiang released a research report stating that in the short term, the high growth of e-commerce and the expansion of super brand stores are expected to be the main drivers of growth. Short-term optimization of advertising expenses and cash flow improvement also indicate that the company is in a good position. In the medium to long term, the company's overseas expansion efforts are showing results, ONEWAY outdoor high-end brand is making strong efforts, and there is potential to become the second driver of growth in the future. The bank believes that the company is currently in a phase of stable performance realization, improvement in cash flow, and not expensive valuation, and gives a "buy" rating.