On July 23, MARKETINGFORCE declined 5.05% in regular trading, trading at 39.08 HKD/share, with turnover of HKD 146 million. The stock experienced a technical pullback as accumulated profit-taking pressure intensified following a sharp rally.
The decline comes after the company issued a positive profit alert on July 15 forecasting H1 revenue of RMB 1.858-2.054 billion (up 100%-121% YoY) and attributable profit of RMB 182-222 million (up 386%-494% YoY), driven by AI application business revenue of RMB 1.068-1.18 billion (up 112%-134% YoY). The stock surged over 30% on July 16, then rebounded on July 20-21 with cumulative gains exceeding 35%. Despite Everbright Securities maintaining a Buy rating on July 22 and raising revenue forecasts to RMB 4.5 billion and RMB 6.4 billion for full-year and next year respectively, the excessive short-term gains triggered profit realization.
The broader Application Software sector also traded weak on the same day, with Kingdee International down 3.1% and SenseTime down 2.14%, adding to the drag on sentiment.
(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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