On July 7, Johnson Electric Holdings fell 5.06% in regular trading to HK$22.1/share, with turnover of HK$108 million. This marks the second consecutive session of sharp decline, following a 5.24% drop on July 6.
The sustained selling pressure comes against a backdrop of weak annual results and a technical correction. The company reported fiscal year revenue of US$3.65 billion, essentially flat year-over-year, while attributable profit fell 23% to US$202.1 million due to rising distribution costs, intangible asset impairments, and lower other income. JPMorgan maintained a Neutral rating with a target price of HK$22, citing margin pressure and limited visibility. The stock had risen approximately 5% on July 3 driven by a robot concept sector rally, but has since fully retraced those gains.
Within the Auto Parts and Equipment sector, SEYOND rose 4.58%, HESAI-W gained 0.82%, while CALB fell 0.5%, FUYAO GLASS dropped 1.47%, and MINTH GROUP declined 1.35%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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