Movement Alert|DELTON Rises 5.5% in Regular Trading, Morgan Stanley Increases Stake to 5.3% Ahead of Interim Results

Market Focus08-04

On August 4, DELTON rose 5.5% in regular trading, trading at HK$102.0/share, with turnover of HK$3.64 million.

On the news front, the latest disclosure from the Hong Kong Stock Exchange shows that on July 29, Morgan Stanley purchased approximately 161,900 shares of DELTON at an average price of HK$91.94 per share, involving approximately HK$14.89 million. Morgan Stanley's stake rose from 4.94% to 5.30%. Meanwhile, the company's board is scheduled to convene on August 7 to review and approve interim results for the six months ended June 30.

Notably, DELTON previously disclosed its half-year earnings forecast, projecting net profit attributable to shareholders of RMB 910 million to RMB 960 million, representing year-over-year growth of 85.12% to 95.29%. Last quarter, the company reported revenue of RMB 1.914 billion, up 71.35% YoY, and net profit of RMB 393 million, up 63.31% YoY, with a net margin of 20.51%.

(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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