On July 10, CFMEE (09630.HK) fell 3.67% in regular trading, trading at 431.2 HKD/share, with turnover of 6.46 million HKD. The decline follows three consecutive sessions of gains from July 7 to July 9, during which the stock rallied on news of its self-developed PLP 2000 panel-level packaging lithography equipment securing a major advanced packaging client order and strong Q1 new orders exceeding 800 million RMB.
The pullback comes amid ongoing post-IPO profit-taking pressure. CFMEE listed on the Hong Kong Stock Exchange on June 26 at an offer price of 252.73 HKD, doubling on its first day to 515 HKD. Since then, institutional selling has been evident — Norges Bank reduced its position by 170,000 shares on July 3 at approximately 449.18 HKD per share, and large-scale transfers totaling 1.308 billion HKD (19.19% of market cap) were recorded on June 30. Despite positive fundamental catalysts including full production capacity utilization and robust order visibility driven by AI server and advanced packaging demand, short-term gains appear stretched after the recent three-day rally.
(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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