Movement Alert｜GIGADEVICE Falls 3.09% in Regular Trading, Storage Expansion Concerns and Main Capital Outflows Weigh on Stock

Market Focus10-12 10:01

On October 12, GIGADEVICE fell 3.09% in regular trading, trading at 382.4 HKD, with turnover of 85.8715 million HKD.

Storage chip price momentum slowed and expansion worries persisted, while main capital recorded substantial net outflows in the prior session, keeping selling pressure elevated.

TrendForce research indicated fourth-quarter DRAM contract price growth is slowing, raising concerns that capacity expansion across storage manufacturers will boost future supply. Samsung Electronics' third-quarter earnings guidance also came in below expectations, further dampening sentiment across the storage sector. Although GIGADEVICE has continued its buyback program, the repurchases have not been sufficient to reverse short-term stock weakness.

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