On July 14, CMOC Group (03993.HK) declined 3.1% in regular trading, trading at HKD 14.44/share, with turnover of approximately HKD 45.57 million.
On the news front, the company previously issued a positive profit alert, forecasting H1 net profit attributable to shareholders of RMB 15.5 billion to RMB 16.5 billion, representing a YoY increase of 78.76% to 90.29%. Both Bank of America Securities and BOCI reiterated Buy ratings on July 13, confirming Q2 earnings beat expectations. However, a quarterly breakdown reveals Q2 net profit was largely flat compared to Q1, indicating marginal deceleration in growth momentum.
Additionally, JPMorgan Chase reduced its position by approximately 1.09 million shares on July 7 at an average price of HKD 15.27 per share, lowering its stake to 5.97%. This signals institutional profit-taking during the positive news window, with the cyclical stock pattern of buying on expectations and selling on facts continuing to pressure the share price.
(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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