Movement Alert|LEGENDHOLDING Rises 5.12% in Regular Trading, Rebounds on Strong H1 Earnings After Prior Session Sell-Off

Market Focus09-09 10:32

On September 9, LEGENDHOLDING rose 5.12% in regular trading, trading at 18.46 HKD/share, with turnover of approximately 78.21 million HKD. The stock staged a technical rebound following a sharp 7.91% decline in the prior session.

On the news front, the rebound was underpinned by robust interim results. LEGENDHOLDING reported H1 revenue of 362.935 billion yuan, up 29% year over year, driven by strong growth at subsidiary Lenovo Group and Lianhe Newmaterials. Attributable net profit surged 219% to 2.23 billion yuan, primarily boosted by its Strategic Investments segment turning from loss to profit amid a recovering capital market. Infrastructure Solutions revenue reached 96.7 billion yuan, up 62%, with AI server order backlog hitting $54 billion. Adjusted net profit attributable to shareholders soared 834% to 5.812 billion yuan. Core asset Lenovo Group rose 4.55% on the same day, providing strong linkage support. Citi previously maintained a Buy rating on LEGENDHOLDING with a target price of 17 HKD, noting approximately 78% discount to estimated NAV.

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