On June 18, Junda Shares (02865.HK) fell 5.43% in regular trading, trading at HKD 26.12, with turnover of approximately HKD 43.44 million, extending the prior session's 6.50% decline.
The selloff reflects profit-taking following a sharp rally driven by multiple catalysts. SpaceX's landmark USD 75 billion Nasdaq IPO and subsequent 40%+ share price surge had ignited the commercial aerospace sector, while Kaiyuan Securities initiated coverage with a Buy rating, highlighting the company's closed-loop aerospace strategy spanning space energy, satellite manufacturing, and constellation operations. The H-share surged over 9% on June 16.
However, market participants remain divided on the business monetization timeline. Institutional estimates suggest the commercial aerospace segment may only begin generating meaningful profit contribution by 2028, with projected attributable net profits of RMB 0.21/0.82/2.38 billion for 2026-2028E. Concerns over short-term valuation overextension relative to the distant earnings inflection point have triggered capital withdrawal, with main funds showing clear signs of locking in gains after the rapid multi-day advance.
(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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