Economic Observation Network Guangzhou Shenzhen Railway Co., Ltd. (00525. HK) disclosed a 100 million yuan repurchase plan and completed its first repurchase on July 17th. The bottoming out effect of the repurchase is worth paying attention to.

Progress of Repurchase:
The company announced a 100 million yuan repurchase plan (for cancellation) on April 30th, and conducted its first repurchase (approximately 9.92 million shares) on July 17th The pace and execution of subsequent repurchases are one of the short-term support factors for stock prices, especially when the current A-share stock price (about 3.02 yuan) is close to net assets, the bottoming out effect of repurchases is worth noting.

The above content is based on publicly available information and does not constitute investment advice.