Movement Alert|SICC Rises 5.28% in Regular Trading, Interim Results Review Imminent as Major Institutions Increase Holdings

Market Focus08-13

On August 13, SICC rose 5.28% in regular trading, trading at 83.0 HKD/share, with turnover of approximately 80.29 million HKD, extending its recent streak of consecutive gains.

On the news front, the company's board of directors is scheduled to convene on August 19 to review unaudited consolidated interim results for the six months ended June 30 and to discuss whether to recommend an interim dividend. Simultaneously, two major international institutions have increased their positions: JPMorgan purchased 469,600 shares on August 7 at an average price of 69.84 HKD, raising its long position to 6.66%, while Point72 funds acquired 474,400 shares at an average price of 71.51 HKD, lifting its long position to 6.01%. The synchronized accumulation by both institutions signals positive sentiment ahead of the earnings release. On the fundamental side, the company's 8-inch SiC substrate volume ramp remains the core variable for earnings recovery, with Q1 gross margin recovering to near 20% and 8-inch revenue contribution rising to approximately 45%.

(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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