Movement Alert｜CENTRAL NEW EGY Falls 3.46% in Regular Trading, Profit-Taking After AI Computing Transformation Rally

Market Focus10-07

On October 7, CENTRAL NEW EGY fell 3.46% in regular trading, quoted at 11.94 Hong Kong dollars, with turnover of 12.02 million Hong Kong dollars. The decline followed a sharp rally driven by the proposed renaming to Central AI Technology Group Limited and the AI computing business revenue exceeding 1 billion Hong Kong dollars. The stock had surged nearly 50% over seven trading days and hit a record high of 13.36 Hong Kong dollars on October 2, creating significant short-term profit-taking pressure. In the first half, AI computing revenue reached 1.047 billion Hong Kong dollars, accounting for 16.5% of total revenue, reinforcing the strategic pivot toward AI computing. The pullback reflects consolidation after the positive catalysts were largely priced in.

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