On September 11, HANS CNC fell 3.03% in regular trading, trading at 102.3 HKD/share, with turnover of HKD 9.86 million. The decline follows a strong rally from September 7 to 10, during which the stock accumulated gains exceeding 16%, triggering short-term profit-taking.
The pullback aligns with a recurring pattern of sharp rallies followed by retracements. On August 31, the stock surged over 12% intraday before retreating more than 4% in subsequent sessions, and a similar correction occurred on September 8 after a 9.03% single-day gain. The broader Industrial Machinery sector added downward pressure, with TECHTRONIC IND down 1.55%, HAITIAN INT'L down 1.59%, and SANHUA down 1.06%.
On the fundamental side, the company reported robust first-half results, with revenue of RMB 4.985 billion, up 109.29% year-over-year, and net profit attributable to shareholders of RMB 957 million, surging 263.45%. Q2 net margin hit a single-quarter record high, driven by booming AI PCB equipment demand. Citi maintains a Buy rating with a target price of HKD 189, citing accelerating AI PCB equipment orders and an ongoing copper-clad laminate price upcycle.
(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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