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Vobile Emmy win

Vobile share price went up 18.8% today. On March 7, Vobile Group (HK:3738), issued a profit alert. So how to interpret the performance forecast and what signals can we infer from this announcement? For those who have not read my first post on Vobile can click here. Full profit alert announcement here.

According to the announcement, Vobile Group expects a net profit of approximately US$10 million to US$12 million in 2020. Compared with a net loss of 6 million U.S. dollars in 2019, the company’s net profit in 2020 has increased by 16 to 18 million U.S. dollars.

In contrast, most Hong Kong stock SaaS companies, including Weimob and Youzan, are still at a loss.