Movement Alert|HANS CNC Rises 3.27% in Regular Trading, Oversold Recovery Continues as Institutions Increase Holdings

Market Focus07-24

On July 24, HANS CNC rose 3.27% in regular trading, trading at 116.2 HKD/share, with turnover of 16.4155 million HKD.

On the news front, the stock continues its technical recovery after a deep pullback exceeding 30% from approximately 157 HKD highs reached following the release of strong H1 earnings guidance. The company previously forecast H1 net profit of RMB 900 million to 1 billion, representing a year-over-year increase of 241.85% to 279.84%, driven by surging demand for AI PCB-related solutions.

Supporting the recovery, SCHRODER INTERNATIONAL SELECTION FUND increased its position by 241,300 shares on July 17 at an average price of approximately 109.57 HKD per share, raising its stake from 5.66% to 6.07%. Citi maintains a Buy rating with a 325 HKD target price, implying significant upside from current levels. The combination of institutional accumulation near the 105 HKD support zone and continued analyst conviction provides a floor for the ongoing rebound.

(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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