Movement Alert｜LUXSHARE ICT Intraday Rise 3.23% in Regular Trading, Buyback Progress and Improved Business Outlook Supported Sentiment

Market Focus11-04 10:09

On November 4, LUXSHARE ICT rose 3.23% in regular trading, trading at HK$48.02, with turnover of HK$38.96 million.

The recent catalyst was the company’s disclosed share repurchase progress, alongside stronger operating expectations after solid third-quarter and first-nine-month results and an increase in annual caps for certain continuing connected transactions.

By October 31, the company had cumulatively repurchased about 17.67 million A-shares, accounting for 0.23% of total share capital, for roughly RMB1.00 billion, and said it would continue executing the buyback based on market conditions. Previously disclosed results showed first-nine-month revenue of RMB285.01 billion, up 29.01% year on year, and net profit attributable to shareholders of RMB13.06 billion, up 13.36%. The company also guided full-year net profit to rise 15% to 20%, while revising up annual caps for some continuing connected transactions after auto electronics and consumer electronics demand came in above earlier expectations.

(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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