On June 23, Junda Shares (02865.HK) fell 5.17% in regular trading, trading at HKD 22.78/share, with turnover of HKD 31.43 million, extending its consecutive pullback since mid-June.
The decline reflects continued profit-taking following a sharp rally driven by SpaceX's USD 75 billion Nasdaq listing and a broker's first-time coverage with a Buy rating. The H-shares had surged over 9% on June 16, but major capital outflows became evident starting June 17, with A-share net outflows reaching RMB 227 million on June 18, representing a net ratio of -16.51%.
Market participants remain divided on the monetization timeline of the company's commercial aerospace business. Institutional estimates suggest the segment will not generate meaningful profit contribution until 2028, with projected attributable net profits of RMB 21 million, RMB 82 million, and RMB 238 million for the period spanning the next three fiscal years, representing up to 16.80% of total earnings. Short-term valuation overshoot risk continues to trigger capital withdrawal.
(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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