On August 11, CCTC rose 3.36% in regular trading, trading at 111.1 HKD/share, with turnover of approximately 29.10 million HKD. The stock rebounded from the prior session's decline caused by over-allotment shares entering circulation.
On the news front, MLCC supply tightness continues to intensify across the industry. Samsung Electro-Mechanics has announced a 30% price increase on all MLCC products effective September 1, while Taiyo Yuden has also issued price hike notices, stating that even with accepted price increases, on-time delivery cannot be guaranteed. The company previously disclosed its H1 earnings guidance, projecting net profit attributable to shareholders of 1.794 billion to 2.041 billion yuan, representing 45% to 65% year-over-year growth. Excluding non-recurring items, net profit is expected at 1.653 billion to 1.92 billion yuan, up 55% to 80% year-over-year. The company noted its MLCC products have benefited from improved customer recognition and price recovery in select specifications, with sales volume and revenue growing substantially on a year-over-year basis.
(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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