On August 13, LEGENDHOLDING (03396.HK) rose 5.31% in regular trading, trading at HK$18.32/share, with turnover of HK$86.02 million.

On the news front, the company previously issued a positive profit alert, forecasting net profit attributable to equity holders of no less than RMB 2 billion for the first half of the year, representing growth of at least 186% compared to RMB 699 million in the same period last year. The company attributed the expected earnings surge primarily to a recovery in capital markets, with its strategic incubation and investment segment turning from losses to profitability.

Additionally, Citi previously raised its target price for the company to HK$17, maintaining a Buy rating, noting that the current share price still represents an approximately 78% discount to its estimated net asset value per share. The positive profit alert effect combined with 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.)