On June 5, Leapmotor rose 3.27% in regular trading, trading at HKD 42.28/share, with trading volume of HKD 173 million. The stock rebounded after two consecutive sessions of decline earlier in the week.
On the news front, Leapmotor announced on June 4 that founder, Chairman, and CEO Zhu Jiangming along with shareholder Fu Liquan jointly purchased 11.6219 million H-shares at an average price of approximately HKD 41.99, totaling around HKD 490 million. Since the initiation of the first round of share purchases in August of the previous year, the single largest shareholder group has cumulatively invested nearly HKD 1.7 billion, bringing their combined stake to 24.71% of total issued shares. The substantial buying came after the stock dropped over 6% on June 3 amid concerns over margin pressure from its volume-driven pricing strategy and a broader sell-off in Hong Kong tech stocks.
Notably, Leapmotor reported record monthly deliveries of 81,569 units in May, up 81% year-over-year, with overseas exports reaching 20,168 units. Changjiang Securities maintains a Buy rating, citing new vehicle launches and overseas expansion as catalysts for earnings improvement from Q2 onward.
(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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