On September 3, DELTON rose 3.02% in regular trading, trading at HK$119.0/share, with turnover of HK$12.3045 million. The rebound came as the Hong Kong-listed PCB and electronic components sector staged a recovery following multiple days of correction, with peers KB Laminates up 2.03%, Shenghong Technology up 1.78%, and Kingboard Holdings up 1.14%, collectively lifting sector sentiment.
On the fundamental side, the company reported robust first-half results with revenue of RMB 4.388 billion, up 80.98% year-over-year, and net profit attributable to shareholders of RMB 956 million, up 94.39% year-over-year. The strong performance was driven by sustained high demand for server PCBs fueled by AI computing buildouts. China Post Securities previously maintained a Buy rating on the stock, citing AI-driven leap in earnings growth. The stock had declined over 10% cumulatively across the prior three trading sessions amid broader sector weakness and institutional selling pressure from a fund trimming its stake.
(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.)
Comments