Movement Alert|Shenzhen Senior Technology Material Rises 5.07% in Regular Trading, Fullgoal Fund Increases Stake Signaling Confidence

Market Focus07-21

On July 21, Shenzhen Senior Technology Material rose 5.07% in regular trading, reaching HK$7.88 per share, with turnover of approximately HK$18.67 million.

On the news front, the latest disclosure from the Hong Kong Stock Exchange revealed that Fullgoal Fund increased its holdings by 660,000 H-shares on July 16 at an average price of HK$7.9693 per share, involving approximately HK$5.26 million. Following the purchase, Fullgoal Fund's stake rose from 8.59% to 9.03%, with total holdings reaching 13.501 million shares. Notably, Fullgoal Fund had previously reduced its position by 1.326 million shares on July 9 at HK$10.758 per share, making this reversal a signal of renewed confidence at lower levels.

The stock had fallen below its IPO price of HK$8.98 on July 13 and remained weak since. The company is the world's second-largest lithium-ion battery separator manufacturer by shipment volume, with Q1 revenue growing 21.53% year-over-year to RMB 1.081 billion, though net profit declined 37.33%.

(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.

Comments

We need your insight to fill this gap
Leave a comment