On June 29, Dongyue Group fell 5.04% in regular trading, trading at 19.16 HKD/share, with turnover of HKD 377 million. The stock extended its recent pullback trend following multiple consecutive sessions of decline.
On the news front, domestic refrigerant prices have shown signs of stagnation after reaching near-decade highs, with core products R32 and R134a having previously surged over 30% year-on-year. The stock had accumulated massive gains since late May, once breaking above 23 HKD with year-to-date gains approaching 90%, surpassing multiple institutional target price ranges of 19.77 to 20.32 HKD. Short-term valuation has overshot the pricing-in of refrigerant price increases, and market willingness to lock in profits at elevated levels remains strong.
Dongyue Group holds approximately 130,000 tonnes in second- and third-generation refrigerant quotas, ranking first nationally in R22 and second in R32, having deeply benefited from the earlier price rally. However, with the stock having already exceeded analyst consensus targets, the current session reflects continued profit-taking pressure.
(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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