Movement Alert|HANS CNC Rises 3.09% in Regular Trading, Oversold Rebound Continues After 30% Correction With Institutional Support

Market Focus07-22

On July 22, HANS CNC (03200.HK) rose 3.09% in regular trading, trading at 123.0 HKD/share, with turnover of approximately 72.53 million HKD.

On the news front, the stock has entered a technical recovery phase following a deep correction of over 30% from its approximately 157 HKD high reached on July 10, when the company's strong first-half earnings forecast was initially priced in. The company expects H1 attributable net profit of RMB 900 million to RMB 1 billion, representing year-over-year growth of 242% to 280%, driven by a significant increase in AI PCB-related solution revenue. Subsequent profit-taking had pushed shares down to approximately 105 HKD, creating short-term oversold conditions now being repaired.

Supporting the recovery, Schroders PLC increased its holdings by 286,000 shares on July 9 at approximately 140.06 HKD per share, totaling around 40.42 million HKD. Additionally, Citi maintains a Buy rating with a target price of 325 HKD, providing fundamental floor support amid ongoing institutional accumulation.

(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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