On October 13, DELTON fell 5.07% in regular trading, touching HK$89.8 with turnover of HK$18.33 million. The decline comes as continued institutional share reductions, combined with broad pressure across the electronic components sector, outweigh recent capacity expansion and earnings growth signals.
The reference information indicates that several foreign institutions, including Fullgoal Fund, Value Partners, Greenwoods, and Barclays, have recently disclosed reductions in their long positions in DELTON's H-shares. These disposals have loosened institutional ownership structure and exerted sustained pressure on the share price. Although the company's application for a RMB 3.6 billion A-share convertible bond issuance was accepted by the Shenzhen Stock Exchange, and preliminary net profit for the first three quarters is expected to grow between 100.33% and 107.23%, these positive factors have not yet offset the selling pressure from foreign institutional exits in the short term.
DELTON, formally Guangzhou Guanghe Technology Co., Ltd., is engaged in the development, production, and sale of printed circuit boards, with products primarily used in servers, consumer electronics, industrial control, security electronics, communications, and automotive electronics, sold to domestic and international markets.
(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.)