On August 13, HANS CNC rose 3.15% in regular trading, trading at HK$111.5/share, with turnover of HK$11.384 million.
On the news front, the company announced that its board of directors will convene on August 20 to review and approve interim results for the six months ended June 30, and to consider the declaration of an interim dividend. Meanwhile, Schroders PLC acquired 319,600 shares at HK$102.48 per share on August 4, raising its stake to 16.32%. Citi initiated coverage with a Buy rating and a target price of HK$325, noting that H shares currently trade at approximately 65% discount to A shares and have already corrected about 50% from recent highs.
The stock had previously come under sustained selling pressure following the expiry of H-share lock-up restrictions on August 6, which triggered concerns over concentrated institutional disposals. With the earnings review date approaching, market pessimism has partially eased as investors anticipate performance confirmation. The company previously guided H1 net profit of RMB 900 million to RMB 1 billion, representing year-over-year growth of 242% to 280%.
(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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