Movement Alert|CCTC Rises 5.02% in Regular Trading, Samsung Electro-Mechanics Signs Record MLCC Long-Term Deal Boosting Sector Sentiment

Market Focus09-03 09:33

On September 3, CCTC rose 5.02% in regular trading, trading at HK$111.4/share with turnover of HK$6.3378 million, snapping a multi-session pullback from its August 13 all-time high of HK$133.2.

On the news front, Samsung Electro-Mechanics (SEMCO) announced on September 1 that it signed its largest-ever MLCC long-term supply agreement with a major global tech company for AI server applications, valued at KRW 1.0722 trillion with deliveries extending through the end of next year. The landmark deal underscores surging demand for high-end MLCCs driven by AI infrastructure buildout and has lifted sentiment across the MLCC supply chain.

As a leading domestic MLCC manufacturer, CCTC reported strong first-half results with revenue of RMB 6.423 billion, up 54.82% year-over-year, and net profit attributable to shareholders of RMB 1.932 billion, up 56.18%. The company is well positioned to benefit from both industry-wide pricing momentum and order spillover effects as major Korean suppliers prioritize AI-related capacity. The company has also been actively buying back shares, with cumulative repurchases reaching 1.05% of total share capital as of the end of August.

(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