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Smart-Core Holdings Ltd. ( (HK:2166) ) just unveiled an update.
Smart-Core Holdings Limited has revised its use of previously unutilised proceeds, shifting funds away from further development of its e-commerce platform and towards expanding its AI-related electronic components business. The company cited persistently offline purchasing habits among customers as a key reason for downgrading the e-commerce platform to a service and support interface, concluding that additional investment there would not be an efficient use of capital. Instead, the group plans to deploy approximately HK$23.9 million by the end of 2028, with HK$8.4 million earmarked for marketing and operating expenses to grow sales and secure new distribution authorisations for AI-related products, and HK$15.5 million for hiring R&D personnel to strengthen technical support and solution services. This reallocation aligns with strong market demand for AI technology, which has already helped lift the group’s interim sales and is expected to further entrench its positioning in the AI infrastructure and applications supply chain.
The most recent analyst rating on (HK:2166) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Smart-Core Holdings Ltd. stock, see the HK:2166 Stock Forecast page.
More about Smart-Core Holdings Ltd.
Smart-Core Holdings Limited is an electronic components distributor listed in Hong Kong, with business units spanning smart vision semiconductor chips, memory products and optical communication modules. The group focuses increasingly on components used in artificial intelligence infrastructure and applications, supplying products such as AI-enabled chips for smart appliances, high-performance memory wafers and dies, and 800G optical communication modules commonly used in AI data centres, alongside providing related technical support and solutions services.
Average Trading Volume: 192,133
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.2B
For an in-depth examination of 2166 stock, go to TipRanks’ Overview page.