On June 15, Huaqin Technology (03296.HK) rose 4.46% in regular trading, trading at HK$84.0/share, with turnover of HK$62.09 million.

On the news front, multiple institutional catalysts are supporting the stock's recovery from its post-rally correction. Fulcrum Fund (富国基金) disclosed an increase of approximately 1.09 million shares on June 9 at an average price of HK$81.07, raising its stake to 6.57%. Morgan Stanley previously added approximately 701,900 shares on June 3 at HK$92.58 per share, lifting its holding to 6.52%. On the ratings front, Goldman Sachs initiated coverage with a Buy rating and a target price of HK$127.76, while Haitong International initiated an Outperform rating with a target price of HK$104.14, citing strong growth momentum in AI servers, AIPC, and hyper-node products.

The stock had surged over 21% on June 1 following NVIDIA's GTC Taipei event, then corrected to a low of HK$73.75 by June 8. Today's move extends the broader recovery trajectory supported by institutional buying and favorable analyst coverage.

(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.)