Movement Alert|Han's CNC Technology Rises 3.66% in Regular Trading, Technical Rebound After Over 30% Pullback Supported by Institutional Buying

Market Focus
07/20

On July 20, Han's CNC Technology (03200.HK) rose 3.66% in regular trading, trading at HK$111.7/share, with turnover of HK$13.11 million. The rebound comes after a sustained profit-taking wave that saw the H-share retreat from approximately HK$157 to near HK$105 since July 10, when the company's strong half-year earnings guidance was fully priced in, representing a cumulative decline exceeding 30%.

The company previously announced expected H1 net profit of RMB 900 million to RMB 1 billion, representing year-over-year growth of 242% to 280%, driven by significantly increased revenue contribution from AI PCB-related solutions. On the institutional front, Schroders PLC increased its position by 288,600 shares on July 9 at an average price of approximately HK$140.06, while Citi maintained a Buy rating with a target price of HK$325, providing valuation support. The short-term oversold conditions following the extended selloff appear to have triggered a technical recovery.

(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.)

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