On June 11, Hans CNC Technology (03200.HK) fell 3.21% in regular trading, trading at HK$150.3/share, with trading volume of HK$44.59 million.
On the news front, HKEX disclosure data shows that Morgan Stanley and Schroders PLC have consecutively reduced their holdings, with combined transactions exceeding HK$47 million, indicating sustained institutional selling pressure. The stock has delivered over 366% returns over the past year, with its current price-to-book ratio at approximately 1,104x, keeping short-term profit-taking pressure elevated. Additionally, significant net outflows of main capital from the A-share listing in prior sessions have compounded selling momentum.
Despite Daiwa recently initiating coverage with a Buy rating and a HK$207 target price — citing strong earnings growth driven by CCD six-axis drilling machine mix shift and robust AI PCB demand — the extremely high valuation leaves minimal margin for error. The stock continues its oscillating correction trend as the market digests prior gains.
(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.)
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