Movement Alert|Dongyue Group Intraday Decline 5.89%, Short-Term Valuation Overshoot and Refrigerant Price Stagnation Trigger Profit-Taking

Market Focus06-26

On June 26, Dongyue Group fell 5.89% in regular trading, trading at 19.65 HKD/share, with turnover of 332 million HKD.

On the news front, domestic refrigerant prices showed signs of stagnation at elevated levels after reaching near-decade highs, with R32 at 63,000 yuan/ton and R134a at 64,000 yuan/ton. The stock had accumulated substantial gains since late May, once breaching 23 HKD, surpassing multiple institutional target prices in the 19.77-20.32 HKD range. Short-term valuations had already overshot price-hike expectations. On June 24, the stock retreated over 6%, and the current session continues the profit-taking trend.

Dongyue Group holds approximately 130,000 tons of second- and third-generation refrigerant production quotas, with R22 quota of 43,000 tons ranking first nationally and R32 quota of 56,000 tons ranking second. While the company deeply benefited from the earlier price rally driven by rigid quota constraints from the Ministry of Ecology and Environment, market willingness to lock in profits at current highs remains strong.

(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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