On June 17, DiPu Technology rose 6.6% in regular trading, trading at 51.0 HKD/share, with turnover of 54.20 million HKD. The stock rebounded sharply from the previous session's 5.15% decline to 47.9 HKD, approaching the placement price of 50.58 HKD.
On the news front, the company was officially included in the HKEX Tech 100 Index on June 15 as one of seven newly added tech stocks. The index tracks 100 Hong Kong-listed tech stocks eligible for Southbound Stock Connect trading, with inclusion expected to attract incremental passive fund allocation. Additionally, Soochow Securities recently initiated coverage with a \"Buy\" rating and a target price of 75.1 HKD, noting the company stands at a critical inflection point transitioning from a high-investment phase to a high-return phase.
The stock had been under sustained pressure since completing a placement of approximately 7.94 million new H shares at 50.58 HKD per share in late May, with the market questioning its capital needs given over 70% of IPO proceeds remained unused.
(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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