HK Stock Market Move | BAIGE DIGITAL (02672) rises over 10% again to hit a new listing high; shares have surged 2.7 times since September 10.

BAIGE DIGITAL (02672) once rose 10.95% to a high of HK$119.6, hitting a new listing high again. Since September 10, the stock price has accumulated a 2.7-fold gain. As of press time, it is up 10.02% at HK$118.6, with turnover of approximately HK$55.2119 million. On the news front, BAIGE DIGITAL recently disclosed an announcement on the progress of its MaaS business. Data shows that in the first three quarters of 2026, BAIGE DIGITAL's MaaS service revenue was RMB62.1 million, a year-on-year increase of approximately 730.4%; third-quarter MaaS revenue was approximately RMB25.6 million, a quarter-on-quarter increase of approximately 29.33%. Greater Western (Hong Kong) said its fivefold changes point to a rapidly disappearing uncertainty discount: full circulation of H shares has entered shareholder meeting review, the board restructuring has been implemented, MaaS volume expansion is accelerating quarter by quarter, the interim report confirms an operating inflection point, and the AI industry's consensus on pricing real-world data is strengthening. It should be noted that BAIGE DIGITAL listed on the Hong Kong Stock Exchange on June 29 this year, with an IPO of a total of 33,344,400 H shares, accounting for approximately 10.40% of the total share capital after listing, of which 3,334,600 shares were offered publicly and 30,009,800 shares were placed internationally. Among the international placement, 2 cornerstone investors subscribed for 1,282,000 shares. After listing, the actual free float was 32,062,400 shares, and based on the issue price of HK$15.60, the market value of these shares was only approximately HK$500 million; after a 367.95% surge on the first day of listing, the actual free-float market value was also only approximately HK$2.341 billion, so a small amount of capital could drive the stock price sharply higher.