On July 24, MARKETINGFORCE fell 5.21% in regular trading, trading at HK$38.5/share, with turnover of HK$66.03 million. The decline marks a second consecutive session of selling pressure following a cumulative rally of over 35% since the company issued its profit alert on July 15.
The stock had surged over 30% on July 16 after announcing expected H1 revenue of RMB 1.858-2.054 billion (up 100%-121% YoY) and net profit of RMB 182-222 million (up 386%-494% YoY), driven by AI application business revenue growth of 112%-134%. Despite Everbright Securities maintaining a Buy rating on July 22 and raising revenue forecasts to RMB 4.5 billion and RMB 6.4 billion for the full years, the sharp short-term appreciation has intensified profit-taking.
The broader Application Software sector also traded weak, with KINGDEE INT'L down 3.34%, SENSETIME down 3.6%, PHANCY down 2.6%, and HORIZONROBOT down 1.75%, creating additional headwinds for individual names.
(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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