Movement Alert｜Hua Qin Technology Rises 3.69% in Regular Trading, Rebounding After Prior Session Pullback Amid Multiple Institutional Buy Ratings and AI Infrastructure Catalysts

Market Focus06-12 09:48

On June 12, Hua Qin Technology (03296.HK) rose 3.69% in regular trading, trading at HK$81.2/share, with turnover of HK$33.86 million. The stock rebounded after declining 3.33% in the prior session on June 11, continuing a volatile oscillation pattern following its 21%+ surge on June 1 catalyzed by NVIDIA's GTC Taipei conference.

Multiple institutional endorsements provide fundamental support. Morgan Stanley increased its holdings by approximately 701,900 shares at HK$92.58 per share on June 3, raising its stake to 6.52%. Goldman Sachs initiated coverage with a Buy rating and a target price of HK$127.76, projecting a 32% revenue CAGR. Haitong International initiated an Outperform rating on June 10 with a target of HK$104.14, forecasting net profits of RMB 5.03 billion, 6.34 billion, and 7.92 billion for 2026-2028. Additionally, the company disclosed that its super-node products began small-batch shipments in Q2, with mass delivery expected in H2, while the upcoming dividend record date of June 16 may also attract investor interest.

(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.

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