On September 29, LUXSHARE ICT rose 3.04% in regular trading, trading at 54.15 HKD/share, with turnover of 191 million HKD. The stock rebounded following multiple consecutive sessions of sharp declines, with the A-share dropping from 54.84 yuan on September 22 to 49.92 yuan on September 28 and the H-share weakening in tandem.

The rebound is primarily supported by strong Q3 earnings expectations. The company previously disclosed that it expects Q1-Q3 net profit attributable to shareholders of 13.246 billion to 14.398 billion yuan, representing 15%-25% YoY growth. Notably, Q3 alone is projected at 5.403 billion to 6.555 billion yuan, a significant 29%-57% sequential increase from Q2, driven by consumer electronics new product ramp-ups, communication and data center project launches, and automotive electronics expansion.

Additionally, the company's share buyback program continues to progress, having spent approximately 1 billion yuan repurchasing 17.67 million A-shares as of end-August. Over the past 90 days, 13 institutions have issued buy or overweight ratings with an average target price of 81.02 yuan, suggesting meaningful upside from current levels and reinforcing oversold recovery expectations.

(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.)