Movement Alert｜Shandong Molong Rises 8.14% in Regular Trading, Technical Rebound After Ceasefire-Driven Selloff Supported by Strong Overseas Orders

Market Focus06-10

On June 10, Shandong Molong rose 8.14% in regular trading, trading at 5.91 HKD/share, with trading volume of 212 million HKD. The stock staged a technical rebound after the previous session's sharp correction of over 10%, which was triggered by the Israel-Iran ceasefire announcement that pressured the entire oil and gas equipment sector.

On the fundamental side, the company has secured bids for approximately 300,000 tons across more than 10 countries including Kuwait, Egypt, and Algeria since the beginning of this year, with overseas market revenue growing approximately 50% year-over-year. Current orders remain sufficient and production lines are operating at full capacity, providing underlying support for the share price recovery.

Within the Oil and Gas Equipment and Services sector, SPT Energy rose 6.43%, Petro-King rose 4.35%, Sinopec SSC was flat, while Anton Oilfield Services fell 2.17%.

(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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