On June 17, Hua Qin Technology rose 3.1% in regular trading, trading at HK$82.0/share, with turnover of HK$28.09 million.

On the news front, the stock is rebounding after a sustained pullback following the NVIDIA GTC Taipei conference catalyst on June 1, when shares surged over 21% to an all-time high. The stock subsequently declined 4.44% last week amid profit-taking pressure, with cumulative capital outflows exceeding HK$240 million over five trading days. Today's rebound reflects a technical stabilization pattern.

Multiple institutional actions are providing valuation support. Wells Fargo Fund increased its holdings by approximately 1.09 million shares on June 9 at an average price of HK$81.07, raising its stake to 6.57%. Morgan Stanley added roughly 701,900 shares at HK$92.58 per share, lifting its position to 6.52%. Goldman Sachs initiated coverage with a Buy rating and a target price of HK$127.76, forecasting a 32% compound annual revenue growth rate. Haitong International also initiated with an Outperform rating and a target of HK$104.14, projecting net profits of RMB 5.03 billion, RMB 6.34 billion, and RMB 7.92 billion for the next three fiscal years. On the fundamental side, the company's super-node products began small-batch shipments in Q2, with scale delivery expected in the second half.

(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.)