On July 21, Han's CNC Technology (03200.HK) fell 3.55% in regular trading, trading at 106.7 HKD/share, with turnover of approximately 41.16 million HKD.
The decline reflects continued profit-taking following the company's H1 earnings forecast released on July 9, which projected attributable net profit of RMB 900 million to 1 billion, representing a 242%-280% year-over-year increase driven by surging AI PCB-related solution revenue. The positive catalyst was fully priced in on July 10 when H shares rallied over 11% to approximately 157 HKD. Since then, sustained selling pressure has driven the stock down over 30% to the 105 HKD level. Although a 3.66% technical rebound occurred on July 20 supported by Schroders PLC's accumulation of 288,600 shares and Citi's maintained Buy rating with a 325 HKD target price, today's renewed weakness suggests short-term selling pressure remains unresolved.
(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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