On July 8, JL MAG Rare-Earth (06680.HK) fell 5.11% in regular trading, trading at HKD 17.66/share, with turnover of HKD 22.74 million.
The decline reflects continued AH linkage pressure as the A-share (300748.SZ) dropped 4.91% on July 6 and another 2.58% on July 7, with net main fund outflows of approximately RMB 69.17 million in a single session. Technical indicators show bearish acceleration. The H-share had surged over 7.5% on July 2 following the company's H1 earnings pre-announcement projecting net profit of RMB 4.0-4.6 billion, representing 31%-51% YoY growth, but has since retraced those gains entirely.
On the institutional front, Citibank reiterated a Buy rating with a HKD 38.2 target price, citing positive H1 results and expectations for stronger H2 orders. UBS increased its position on July 6, acquiring approximately 546,000 shares at around HKD 16.7 per share, maintaining a 7%+ stake.
(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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