Movement Alert｜KINWONG Falls 3.43% in Regular Trading, Profit-Taking Persists Despite Strong Q3 Preannouncement

Market Focus10-15

On October 15, KINWONG fell 3.43% in Regular Trading, trading at HK$67.65, with turnover of HK$113 million.

The most relevant disclosed catalyst remains the company’s recent third-quarter profit preannouncement and subsequent market reaction, which showed strong earnings growth but was followed by profit-taking in its H shares.

KINWONG previously said third-quarter revenue is expected at RMB6.12 billion to RMB6.98 billion, up 53.48% to 75.05% year over year, while attributable net profit is projected at RMB912 million to RMB1.089 billion, up 205.46% to 264.74%. The company also stated that orders in AI servers, data centers and high-speed optical modules were solid, with high capacity utilization and yield. Even so, recent trading in the H shares has shown repeated pullbacks after the earnings-positive news and the earlier Hong Kong listing and Stock Connect inclusion, indicating continued near-term profit-taking ahead of the October 26 board meeting on third-quarter results.

(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