Movement Alert｜Lingyi iTech Falls 3.32% in Regular Trading, Electronic Components Sector Extends Correction Pressuring Recent IPO

Market Focus07-06

On July 6, Lingyi iTech (01688.HK) fell 3.32% in regular trading, trading at HK$10.23 per share, with turnover of HK$42.60 million.

The decline was driven by continued weakness across the electronic components sector. Peers Sunny Optical fell 3.83%, Shenghong Technology declined 2.9%, KB Laminates dropped 2.72%, and Lens Technology lost 1.53%, reflecting persistent sector-wide selling pressure.

Lingyi iTech listed its H-shares on the Hong Kong Stock Exchange on June 26 at an IPO price of HK$10.18 per share, raising approximately HK$81.52 billion in net proceeds with 96x oversubscription. The current share price has now retreated close to its IPO price. Although the company disclosed cumulative A-share buybacks of 22.20 million shares totaling RMB 311 million through end of June, such support has proven limited amid broad sector weakness.

(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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