On June 17, Haizhi Technology Group fell 5.4% in regular trading, trading at HK$62.3/share, with turnover of HK$102 million.
On the news front, since being formally included in the Stock Connect eligible list on June 8, the stock has experienced intense volatility. After consecutive sharp rallies, the stock pulled back over 12% on June 12, then rebounded over 6% on June 15 buoyed by AI sector sentiment. The ongoing tug-of-war between early foreign holders taking profits and newly entering southbound capital continues to drive price swings. Market institutions previously cautioned investors to temporarily avoid the crowded AI hard-tech sector in the short term, and high-level profit-taking appetite remains elevated.
On the institutional front, BOCI and Guotai Junan International have both maintained bullish ratings on the company, with target prices ranging from HK$80.81 to HK$97.47, implying meaningful upside from current levels.
(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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