Movement Alert|DELTON Rises 3.02% in Regular Trading, PCB Sector Rebounds After Consecutive Adjustment Days

Market Focus09-03 09:36

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.)

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