Movement Alert|Minth Group Rises 5.07% in Regular Trading, Rebounding After Share Buyback Amid Prior Sharp Decline

Market Focus06-12

On June 12, Minth Group rose 5.07% in regular trading, trading at 31.1 HKD/share, with turnover of approximately 73.39 million HKD. The stock is rebounding after suffering an 11.78% intraday decline on June 10.

On the news front, Minth Group repurchased 1 million shares on June 10 at prices ranging from 29.06 to 30.00 HKD per share, spending approximately 29.8 million HKD. The buyback was conducted under its general share repurchase mandate approved in late May, which authorizes the company to repurchase up to 10% of its issued share capital, equivalent to roughly 117 million shares. Additionally, UBS recently raised its target price for Minth Group to 48 HKD, citing growing momentum in the company's robotics and liquid cooling businesses.

Within the Auto Parts & Equipment sector where Minth Group belongs, individual stocks showed mixed performance. Among peers, HESAI up 3.91%, MINIEYE up 3.34%, JOHNSON ELEC H up 3.04%, PATEO up 2.38%, while SEYOND fell 11.37%.

(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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