On June 10, SICC (02631.HK) fell 7.17% in regular trading, trading at HKD 90.15 per share, with trading volume of HKD 70.60 million.
On the news front, SICC surged over 10% in the prior trading session, triggering concentrated profit-taking from short-term traders. Concurrently, the semiconductor sector weakened broadly, with ASMPT down 3.02%, Flat Glass down 1.86%, and Epiworld down 1.83%, demonstrating significant sector linkage. Additionally, the A-share Science and Technology Innovation Board 50 Index previously plunged 5% in a single session, while SICC's A-share listing also dropped 7.78%, with cross-market sentiment transmission pressuring the Hong Kong-listed shares.
As the global leader in 8-inch silicon carbide substrate with 51.3% market share, SICC benefits from long-term demand expansion in AI data centers and new energy applications. However, the stock faces near-term technical correction pressure following its sharp rally, compounded by ongoing concerns over substrate pricing trends and undigested shareholder reduction overhang.
(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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