On September 1, CCTC fell 3.23% in regular trading, trading at 111.9 HKD/share, with turnover of 7.7818 million HKD, extending the prior session's decline.
The selloff comes as the stock continues to pull back following its record high of 133.2 HKD reached on August 13. Although the company reported strong first-half results on August 27 — with revenue of 6.423 billion yuan, up 54.82% year-over-year, and net profit attributable to shareholders of 1.932 billion yuan, up 56.18% — the stock had already priced in significant gains ahead of the earnings release. The classic \"buy the rumor, sell the news\" dynamic has driven sustained selling pressure since the results were published.
Adding to bearish sentiment, Temasek Holdings reduced its stake by 391,300 shares on August 17 at approximately 132.43 HKD per share, lowering its holding to 6.88%. Meanwhile, the company repurchased 3.169 million A-shares on August 31 for approximately 353 million yuan, and its board approved a new employee stock ownership plan covering up to 5 million shares. Kaiyuan Securities maintained a \"Buy\" rating with a consensus target price of 125.0 HKD.
(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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