HK Stock Market Move | BLOKS (00325) rose nearly 7% in morning trading; Bloks unveiled multiple first-time public new products at WF 2026.

BLOKS (00325) rose nearly 7% in morning trading. As of press time, it was up 5.21% at HK$67.7, with a turnover of HK$24.3387 million. On the news front, from October 3 to 4, Wonder Festival 2026 Shanghai, China's largest and most professional figure and model exhibition, grandly opened. At this exhibition, BLOKS showcased nearly 500 products centered on its two core categories, "building block figures" and "building block cars," of which more than 90 were new products making their debut, comprehensively covering more than 10 globally renowned IPs, including Ultraman, Transformers, Saint Seiya, Neon Genesis Evangelion, DC, Kamen Rider, and Jurassic World. Industrial released a research report stating that BLOKS' prosperity trends in the two major dimensions of globalization and category expansion are being verified, while market expectations, attention, and valuation are all at relatively low levels. It is expected that attributable net profit for 26-28 will be 825 million/1.041 billion/1.316 billion yuan, corresponding to year-on-year growth rates of attributable net profit of 30.1%/26.2%/26.4%, respectively, and Non-GAAP expected PE for 26/27 will be 17.4x/13.7x, respectively. It is bullish on BLOKS' resonance of "upward revision of performance expectations + valuation repair."