On August 13, LEGENDHOLDING (03396.HK) rose 5.55% at open, trading at HK$18.27, with turnover of HK$3.06 million. The rally was driven by the continued positive profit alert effect.

The company previously issued a positive profit warning, expecting net profit attributable to equity holders for the first half to be no less than RMB 2 billion, representing growth of at least 186% compared to RMB 699 million in the same period last year. The company stated that the expected profit growth primarily benefited from a recovery in capital markets, with the industry incubation and investment segment turning from losses to profits. Detailed interim results are expected to be published at the end of August.

Additionally, Citi previously raised its target price to HK$17 while maintaining a \"Buy\" rating, noting that the current share price still represents a significant discount of approximately 78% to estimated net asset value per share. The combination of the positive profit alert and institutional endorsement continues to support the stock's upward momentum.

(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.)