On July 8, Jointec Science rose 11.11% in regular trading, trading at HKD 15.34 per share, with turnover of HKD 58.01 million.
On the news front, the company issued a positive profit alert on July 7, projecting net profit for the six months ended June 30 to increase approximately 150% to 170% year-over-year. The significant earnings growth is primarily attributed to increased revenue from the data center and server segment within its wire assembly division, as well as higher contributions from associated companies.
The company noted that the financial data has not yet been reviewed by auditors and actual results may differ from the preliminary assessment. Interim results are expected to be formally released before the end of August. Previously, a major brokerage maintained a strong buy rating on the stock, citing expected volume growth in the AI computing power core business, robust MPO product order momentum, and near-full capacity utilization with plans to implement double-shift production to meet expanding demand.
(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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