Movement Alert｜TSUGAMI CHINA falls 11.25% in Regular Trading, despite Citi reiterating Buy rating

Market Focus10-15

On October 15, TSUGAMI CHINA fell 11.25% in Regular Trading, trading at HK$38.82, with turnover of HK$97.69 million.

The latest publicly available company-specific catalyst was Citi's October 13 reiteration of its Buy rating with a HK$72 target price, although the stock did not follow the positive call and remained under pressure.

Citi said September order data from major Japanese machine tool makers showed TSUGAMI Japan export orders rose 100% year over year and improved from a 29% month-on-month decline in August to 26% growth in September. The bank also said demand from China data centers, semiconductors, and humanoid robotics remained strong, with orders continuing to exceed capacity, and it maintained its forecast for TSUGAMI CHINA's first-half FY2027 profit to grow 34% year over year. The move therefore appears to be occurring despite supportive broker commentary rather than because of a new negative disclosed event.

(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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