Movement Alert｜SMOORE INTL Falls 3.42% in Regular Trading, Major Shareholder Divestment Plan Continues to Pressure Stock

Market Focus08-03

On August 3, SMOORE INTL declined 3.42% in regular trading, trading at HK$8.865/share, with turnover of HK$12.47 million. The decline reflects sustained pressure from a major shareholder's divestment plan combined with profit-taking from prior gains.

EVE Energy's wholly owned subsidiary EBIL announced plans to reduce its stake in SMOORE INTL by up to 3.5% (approximately 215 million shares) within the next 12 months. Hong Kong Stock Exchange data revealed that on July 29, 500 million shares were transferred from HSBC to Citibank, with a transfer value exceeding HK$4.335 billion, representing 8.08% of total share capital. The market is concerned that actual divestment has entered the execution phase.

Additionally, Daiwa previously downgraded the company's rating from \"Outperform\" to \"Hold,\" slashing its target price from HK$17 to HK$7.6, applying a 27x average EPS multiple for fiscal years 2026-2027. The firm noted that the current valuation already fully reflects medium-to-long-term potential.

(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.

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