HK Stock Market Move | IFBH (06603) fell over 10%, continuing to hit new lows. Its performance in the first half of the year was halved, and it has been removed from the Hong Kong Stock Connect list.

IFBH (06603) dropped over 10%, reaching a new listing low of HK$3.905 during intraday trading. As of the time of publication, it had decreased by 9.32%, trading at HK$3.94 with a transaction volume of HK$2.9204 million. On the news front, as of September 7, IFBH has officially been removed from the Hong Kong Stock Connect list. After this removal, investors can only sell shares but cannot buy them. It is noteworthy that the key reason for IFBH's removal from the Hong Kong Stock Connect is its persistently low market capitalization. As of the time of publication, IFBH's market value is only about HK$1 billion, representing a loss of over 90% from its peak since listing. In the first half of this year, IFBH reported earnings of US$50.395 million, a year-on-year decrease of 46.65%; profit attributable to shareholders was US$4.582 million, down 69.4% year-on-year. In its financial report, IFBH explained that the decline in revenue was mainly due to weak consumer sentiment in the first half of the year, adverse weather conditions impacting the beverage industry, and a global shortage of PET, other packaging materials, and coconut water, which restricted production progress and product supply, negatively affecting sales.