Movement Alert｜LEGENDHOLDING Falls 3.06% in Regular Trading, Tech Hardware Sector Broadly Weak After Recent Surge

Market Focus09-28

On September 28, LEGENDHOLDING fell 3.06% in regular trading, trading at 25.22 HKD/share, with turnover of approximately 48.76 million HKD. The decline came amid broad weakness across the Technology Hardware, Storage & Peripherals sector.

The pullback follows a significant rally that saw the stock gain approximately 1.8 times year-to-date, driven primarily by two catalysts: its potential sale of a 90% stake in Banque Internationale a Luxembourg (BIL) at a valuation of approximately 2.5 billion euros, and robust first-half earnings showing revenue of 362.9 billion yuan (up 29% YoY) with attributable net profit surging 219% to 2.23 billion yuan. Citigroup had noted the BIL divestiture could narrow LEGENDHOLDING's estimated 75% NAV discount, maintaining a Buy rating.

Within the sector, XIAOMI-W fell 0.85%, LENOVO GROUP fell 3.23%, JOLIMARK fell 13.96%, HUAQIN fell 2.71%, and LONGSYS fell 1.70%, reflecting broad-based selling pressure.

(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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