Movement Alert|MARKETINGFORCE Falls 5.21% in Regular Trading, Profit-Taking Pressure Persists as Sector Weakness Weighs

Market Focus07-24

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment