SOFTCARE (02698) Rises Over 5% Against Market Trend, Added to Stock Connect List

Stock News
Mar 09

SOFTCARE (02698) saw its shares increase by more than 5% against the broader market trend. As of the time of writing, the stock was up 5.32%, trading at HKD 28.92, with a turnover of HKD 59.559 million. On the news front, according to the relevant provisions of the Shenzhen Stock Exchange's Implementation Measures for the Shenzhen-Hong Kong Stock Connect program, the list of securities eligible for the Southbound Trading channel has been adjusted, effective from March 9, 2026. SOFTCARE is among the stocks added to the list. Analysts point out that SOFTCARE has promising prospects for expanding its product portfolio through both organic growth and acquisitions, replicating its mature business model to enter new markets. Specifically, the company is leveraging its established experience from China and Africa to enter the Latin American market, with accelerated capacity deployment expected to provide strong momentum. It is noted that as a leading hygiene products company in Africa, SOFTCARE possesses deep comprehensive barriers and a clear strategy for expanding into emerging markets. Future mergers and acquisitions, along with the introduction of new products from the group's business, are anticipated to unlock new growth opportunities.

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