On July 10, Legend Holdings rose 5.76% in regular trading, trading at 14.62 HKD/share, with turnover of approximately 30.36 million HKD.
On the news front, multiple catalysts continue to drive positive sentiment. The China Chinese Information Society recently established an Industry-Academia-Research Innovation Ecosystem Working Committee, co-initiated by Legend Holdings and the Chinese Academy of Sciences Institute of Software, with Legend Holdings CEO Yu Hao serving as the inaugural committee director. The committee aims to bridge the gap between academic achievements and industrial applications in Chinese information technology.
Additionally, Citibank raised its target price for Legend Holdings from 16 HKD to 17 HKD, maintaining a Buy rating, noting that the current share price still reflects approximately 78% discount to estimated net asset value per share. Subsidiary Lenovo Group also completed the issuance of US$2 billion zero-coupon convertible bonds, while its server business growth expectations were upgraded, providing further support to market sentiment.
(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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