Changes in Hong Kong stocks | Aobo Holdings (00880) rebounded more than 5%, and the third quarter results fell short of expectations and made steady progress in controlling costs

The Zhitong Finance App learned that Aobo Holdings (00880) rebounded more than 5% and fell nearly 12% on the previous trading day. As of press release, it rose 5.12% to HK$1.13, with a turnover of HK$34.9012 million.

According to news, Aobo Holdings' net gaming revenue for the third quarter of this year was HK$4.758 billion, compared to HK$6.537 billion in the third quarter of 2025; adjusted EBITDA was HK$705 million, down nearly 20% year on year; losses attributable to company owners were HK$397 million and profit of HK$9 million in the third quarter of 2025.

According to CICC, the company's poor performance was mainly due to the company's gaming revenue market share falling from 10.0% in 2Q26 to 9.3% in 3Q26, but it benefited slightly from cost control (3Q26 operating costs fell 5% month-on-month). Goldman Sachs believes that although the Group has made steady progress in cost control, which can help make up for weak gaming gross margin and market share trends, as well as ongoing competitive pressure, the risk of debt refinancing is still worth paying attention to.