Movement Alert｜KINWONG Intraday Rise 5.6% in Regular Trading, Q3 growth outlook and fund stake increase support sentiment

Market Focus10-16

On October 16, KINWONG posted an Intraday Rise of 5.6% in Regular Trading, trading at HK$72.5 with turnover of HK$41.53 million.

The main catalyst is a combination of a strong third-quarter profit outlook and a recent institutional stake increase. The company previously guided third-quarter attributable net profit to RMB912 million-RMB1.089 billion, up 205.46% to 264.74% year on year, while revenue was projected at RMB6.12 billion-RMB6.98 billion, up 53.48% to 75.05%.

Management also said orders in AI servers and data centers as well as high-speed optical modules were full, with high capacity utilization and yield rates, reinforcing expectations for earnings delivery. In addition, a fund manager increased its H-share position by 384,700 shares on October 9 for about HK$28.89 million. The board is scheduled to review the first three quarters results on October 26, keeping market focus on near-term execution.

(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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