Core Viewpoint - The company, Yidu Tech (02158), has been actively repurchasing its shares, indicating management's confidence in the stock's future appreciation potential [1][2]. Group 1: Share Repurchase Activity - On October 24, Yidu Tech repurchased approximately 21,200 shares for about HKD 120,000 [1]. - The company has completed 10 repurchase transactions since September 26, totaling over 3.88 million ordinary shares and nearly HKD 22.5 million in total repurchase amount [1]. Group 2: Total Return Swap Transaction - On October 23, Yidu Tech announced a total return swap transaction with a nominal capital amount of approximately HKD 54.4 million, with Goldman Sachs as the counterparty [1]. - The transaction is set for a duration of about three years and aims to hedge against the risk of future stock price appreciation [1]. Group 3: Management's Perspective - Analysts interpret the signing of the total return swap as a sign of management's optimistic outlook on the company's future stock price [1]. - The strategy of acquiring shares at a low point to mitigate the risk of increased costs due to stock price appreciation reflects the company's proactive risk management approach [1].

Core Viewpoint - The announcement by Yidu Tech (02158) regarding a total return swap transaction with Goldman Sachs indicates a strategic move to hedge against future stock price appreciation risks, reflecting management's optimistic outlook on the company's valuation potential [1] Group 1: Total Return Swap Transaction - Yidu Tech's subsidiary entered into a total return swap transaction with a nominal equity amount of HKD 54.4047 million, with a duration of approximately three years [1] - The purpose of this transaction is to mitigate the risk of stock price appreciation, particularly in relation to the potential costs and cash flow impacts associated with a share incentive plan post-IPO [1] Group 2: Stock Buyback and Valuation - Yidu Tech has been actively repurchasing shares, having bought back over 3.86 million ordinary shares at a total cost exceeding HKD 22 million since September 26 [1] - Analysts believe that the company's stock is significantly undervalued based on price-to-book ratios and the latest valuations of its international business and key asset reserves, excluding conservative estimates of domestic operations [1] Group 3: Management's Optimistic Outlook - The decision to enter into the total return swap transaction suggests that the management is optimistic about the company's future stock price appreciation potential [1] - By acquiring shares at a low point, the company aims to hedge against the risk of increased costs due to stock price appreciation, demonstrating a proactive risk management strategy [1]

Core Viewpoint - The company, Yidu Tech (02158), has announced a total return swap transaction with a nominal amount of approximately HKD 54.4047 million, aimed at hedging against future stock price appreciation risks [1] Group 1: Transaction Details - The total return swap transaction was established on October 23, 2025, with a maximum nominal amount of approximately HKD 54.4047 million, converted from USD at the current exchange rate on the announcement date [1] - The transaction is intended to mitigate the risks associated with potential increases in the company's stock price [1] Group 2: Strategic Rationale - The company faces increased costs and cash flow expenditures related to funding share purchases, which heightens the risk of stock price appreciation [1] - The board believes that entering into the total return swap transaction may help hedge against the price increase risks associated with shares purchased under the post-IPO share award plan [1]

Core Viewpoint - The company, Yidu Tech (02158), has announced a total return swap transaction with a nominal amount of approximately HKD 54.4047 million, aimed at hedging against future stock price appreciation risks [1] Group 1: Transaction Details - The total return swap transaction is set to be executed on October 23, 2025 [1] - The nominal amount of the transaction is approximately HKD 54.4047 million, converted from USD at the current exchange rate as of the announcement date [1] Group 2: Purpose of the Transaction - The company aims to hedge against the risk of stock price appreciation that may arise from costs and cash flow expenditures related to purchasing shares [1] - The board believes that entering into the total return swap transaction may help mitigate the price increase risk associated with shares acquired under the post-IPO share award plan [1]