CIG (06166) stock surged 5.61% in the pre-market trading session on Thursday, following news of a significant share transfer and recent strong financial performance. The Hong Kong-listed company's shares saw increased investor interest amid these developments.
According to the latest data from the Hong Kong Stock Exchange, a substantial share transfer took place on November 19. A CIG shareholder moved shares worth HK$433 million from Guotai Junan (Hong Kong) to Morgan Stanley Hong Kong Securities, accounting for 6.5% of the company's holdings. This transfer could signal potential strategic moves or changing investor sentiment, contributing to the stock's upward momentum.
Adding to the positive sentiment, CIG recently reported impressive financial results for the third quarter of 2025. The company's revenue for the first three quarters reached approximately RMB 3.36 billion, marking a 21.57% year-on-year increase. More notably, net profit attributable to shareholders surged by 70.88% year-on-year to RMB 259 million. CIG attributed this high-quality growth to the strong performance of its two core businesses: high-speed optical modules and telecom broadband access. These robust financial figures likely bolstered investor confidence, further fueling the stock's rise.
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