Movement Alert|Changguang Chenxin Rises 5.46% in Regular Trading, Broker Upgrades and Selling Pressure Digestion Drive Recovery

Market Focus06-18

On June 18, Changguang Chenxin (03277.HK) rose 5.46% in regular trading, reaching HK$98.4 per share with turnover of HK$38.07 million, continuing its recent rebound momentum.

On the news front, Guotai Junan Securities initiated coverage on the company with an Overweight rating and a target price of HK$112.86, implying significant upside from current levels. The broker applied a 63x PE multiple for 2027, corresponding to a fair valuation of RMB 43.659 billion, citing the company's semiconductor inspection CIS business entering an early-stage volume ramp as a second growth curve. Revenue forecasts project RMB 11.96/15.71/19.16 billion for 2026-2028.

Additionally, prior selling pressure from a subsidiary's stake reduction plan has been largely absorbed following consecutive pullbacks. The company's annual report showed total revenue of RMB 857 million, up 27.30% year-over-year, with industrial imaging revenue surging 43.06% to RMB 639 million driven by robust industrial automation demand and high-end line-scan product deliveries. The company ranks third globally in industrial imaging CIS revenue with 15.2% market share.

(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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