Movement Alert|KINWONG Falls 7.04% in Regular Trading, Profit-Taking After Earnings Forecast

Market Focus
Oct 12

On October 12, KINWONG fell 7.04% in regular trading, trading at 74.35 HKD with a turnover of 70.01 million HKD. The decline came despite a strong third-quarter earnings forecast, with shares exhibiting classic profit-taking following the upbeat guidance.

The company previously projected a third-quarter attributable net profit of 912 million to 1.09 billion yuan, up 205.46% to 264.74% year-over-year, driven by mass production of high-performance PCBs, cost optimization, and a robust order pipeline. Revenue is expected to rise 53.48% to 75.05% to between 6.12 billion and 6.98 billion yuan.

KINWONG is a leading Chinese manufacturer of printed circuit boards, serving automotive electronics, communication and data infrastructure, intelligent terminals, and industrial control sectors. The company operates both domestically and internationally.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10