On June 3, Yinggu Technology (03310.HK) rose 5.17% in regular trading, trading at HK$33.46/share, with trading volume of HK$8.71 million.

On the news front, the stock showed signs of stabilization and rebound after a week-long post-IPO profit-taking correction. Yinggu Technology listed on the HKEX on May 27 at an issue price of HK$20.81, surging as much as 91.73% on its debut to HK$39.9. Subsequently, concentrated selling by early investors pushed the stock down approximately 25% from its peak to around HK$30. After nearly a week of digesting profit-taking pressure, the share price appears to be finding a floor, attracting renewed capital inflows.

Market participants note that the company's market capitalization has already surpassed the Stock Connect inclusion threshold of approximately HK$10.3 billion, combined with its positioning as a domestic substitution play in OLED display driver chips. As the world's fifth-largest and mainland China's largest smartphone AMOLED display driver chip supplier by shipment volume, the company's IPO attracted 3,559 times oversubscription in the Hong Kong public offering tranche.

(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.)