On August 5, SHANGHAI FUDAN rose 5.04% in regular trading, trading at HK$27.1/share, with turnover of HK$68.576 million.
On the news front, the company announced on August 3 that its board will convene on August 17 to review unaudited interim results for the six months ended June 30 and consider an interim dividend proposal. The stock continues to be catalyzed by a previously issued profit alert projecting first-half attributable net profit of RMB 800 million to RMB 1 billion, representing a year-over-year increase of approximately 313% to 416%. Revenue is expected at RMB 2.2 billion to RMB 2.4 billion, up 20% to 31% year-over-year. The company attributed the growth to industry recovery, rising downstream demand, and new product launches improving product mix.
Additionally, Morgan Stanley and HSBC Holdings recently increased their H-share positions, with Morgan Stanley adding approximately 469,900 shares at around HK$25.60 per share, signaling strengthening institutional allocation interest. The broader semiconductor sector traded higher, with HUA HONG GRACE up 5.7% and GIGADEVICE up 8.26%.
(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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