Shares of CIG (06166) soared 5.61% during intraday trading on Thursday, as investors responded positively to recent developments. The stock's significant uptick comes on the heels of a major share transfer and previously reported robust financial performance.
According to data from the Hong Kong Stock Exchange, a substantial share transfer took place on November 19, involving CIG stock worth HK$433 million. The transfer, representing 6.5% of the company's holdings, was made from Guotai Junan (Hong Kong) to Morgan Stanley Hong Kong Securities. This movement of shares between prominent financial institutions has likely sparked investor interest and contributed to the stock's upward momentum.
Additionally, CIG's strong financial results for the third quarter of 2025, released in late October, continue to bolster investor confidence. The company reported impressive year-on-year growth, with revenue increasing by 21.57% to approximately RMB 3.36 billion and net profit attributable to shareholders surging by 70.88% to RMB 259 million. This robust performance, driven by CIG's core businesses in high-speed optical modules and telecom broadband access, appears to be a key factor in the stock's positive trajectory.
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