On June 12, Hua Qin Technology (03296.HK) rose 3.69% in regular trading, trading at HK$81.2/share, with turnover of HK$33.86 million. The stock rebounded after declining 3.33% in the prior session on June 11, continuing a volatile oscillation pattern following its 21%+ surge on June 1 catalyzed by NVIDIA's GTC Taipei conference.

Multiple institutional endorsements provide fundamental support. Morgan Stanley increased its holdings by approximately 701,900 shares at HK$92.58 per share on June 3, raising its stake to 6.52%. Goldman Sachs initiated coverage with a Buy rating and a target price of HK$127.76, projecting a 32% revenue CAGR. Haitong International initiated an Outperform rating on June 10 with a target of HK$104.14, forecasting net profits of RMB 5.03 billion, 6.34 billion, and 7.92 billion for 2026-2028. Additionally, the company disclosed that its super-node products began small-batch shipments in Q2, with mass delivery expected in H2, while the upcoming dividend record date of June 16 may also attract investor interest.

(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.)