Movement Alert|SERES Falls 3.31% in Regular Trading, Dividend Distribution Implementation Coupled with Auto Sector Weakness

Market Focus05-28 10:08

On May 28, SERES (09927.HK) fell 3.31% in regular trading, trading at HKD 70.0/share, with trading volume of HKD 23.9586 million.

On the news front, the company announced the implementation of its annual profit distribution plan on May 27, declaring a cash dividend of RMB 0.8 per share (tax inclusive). The record date is set for June 2, with the ex-dividend date on June 3. Based on approximately 1.74 billion shares eligible for profit distribution, the total cash dividend amounts to approximately RMB 1.392 billion. Concurrently, the share buyback price cap has been adjusted from RMB 150/share to RMB 149.2/share, effective June 3, due to the equity distribution.

At the industry level, the Automobile Manufacturers sector remained broadly weak. Among sector peers, BYD Company fell 1.43%, Li Auto fell 1.91%, Geely Auto fell 1.51%, while NIO rose 8.44% and XPeng was flat. Continued main capital net outflows in the A-share market further weighed on sentiment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment