Movement Alert|Junda Share Rises 5.28% in Regular Trading, SpaceX IPO and First-Time Buy Rating Continue to Fuel Commercial Aerospace Theme

Market Focus06-17 09:33

On June 17, Junda Share rose 5.28% in regular trading, trading at 30.56 HKD/share, with turnover of 40.57 million HKD, extending strong momentum from the prior session.

On the news front, SpaceX surged over 40% following its 75-billion-USD Nasdaq IPO, with underwriters exercising the over-allotment option to raise an additional 10 billion USD, continuing to ignite the commercial aerospace theme. Meanwhile, Open Source Securities recently initiated coverage of Junda Share with a Buy rating, highlighting the company's successful entry into commercial aerospace through indirect control of Xuntian Qianhe, forming a closed-loop business spanning space energy, satellite manufacturing, and constellation operations. The broker projects the commercial aerospace segment's attributable net profit will grow from 21 million yuan to 238 million yuan by 2028, potentially accounting for 16.80% of total earnings. The company's subsidiary previously launched the Youxi satellite into orbit, carrying Jietai Aviation's flexible heterojunction cells, marking accelerated commercialization of its space photovoltaic capabilities.

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