On September 24, CCTC rose 3.2% in regular trading, trading at 140.8 HKD/share, with turnover of approximately 98.98 million HKD. The stock extended its recent rally driven by intensifying MLCC market tightness and institutional accumulation.
On the news front, TrendForce projected that the MLCC supply-demand gap will continue to widen in Q4, with prices expected to sustain their upward trajectory. Meanwhile, the Hong Kong Exchange disclosed that JPMorgan increased its long position in CCTC H-shares by 70,300 shares via off-market transactions on September 17 at an average price of 123.49 HKD, raising its long interest from 9.93% to 10.02%, involving approximately 8.68 million HKD. MLCC spot prices have remained exceptionally hot, with select popular models surging 7 to 8 times within a single month and spot premiums reaching 2 to 10 times original prices. CCTC reported H1 revenue of 6.423 billion yuan, up 54.82% year-over-year, with net profit attributable to shareholders of 1.932 billion yuan, up 56.18%, as MLCC sales volume and revenue both recorded substantial growth.
(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.)
Comments