Movement Alert｜Legend Holdings Falls 5.77% in Regular Trading, Extending Pullback Alongside Lenovo Group After Massive Rally

Market Focus06-04

On June 4, Legend Holdings fell 5.77% in regular trading, trading at 16.89 HKD/share, with trading volume of 21.40 million HKD. This marks the second consecutive session of decline, following a 5.1% drop on June 3.

The pullback comes after a sharp rally driven by subsidiary Lenovo Group's strong annual results — full-year revenue grew 20.3% year-over-year to 589.9 billion yuan, with adjusted net profit surging 42.1%. Multiple investment banks including Goldman Sachs, Macquarie, and Citi had raised target prices on Legend Holdings, citing it as a cheaper route to gain exposure to Lenovo's AI-driven growth. Lenovo Group's stock had surged 187% year-to-date to a 25-year high before the recent pullback began.

Today, Lenovo Group fell 4.36%, continuing to weigh on Legend Holdings. Within the Technology Hardware, Storage and Peripherals sector, Huaqin fell 2.21%, Longcheer fell 2.72%, while Xiaomi edged up 0.14% and Sunmi Tech rose 0.92%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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