On August 10, LEGENDHOLDING (03396.HK) rose 7.57% in regular trading, trading at 17.11 HKD/share, with turnover of approximately HKD 157 million.

On the news front, the stock continues to benefit from a positive profit alert issued on August 3. The company expects first-half net profit attributable to equity holders of no less than RMB 2 billion, representing growth of at least 186% compared to RMB 699 million in the same period last year. The expected earnings surge is primarily driven by a recovery in capital markets, with the industrial incubation and investment segment returning to profitability after prior losses. Detailed interim results are scheduled for release by the end of August.

Additionally, Citi previously maintained a Buy rating on the stock with a target price raised to HKD 17, noting the current share price still reflects an approximately 78% discount to estimated net asset value per share. The sustained profit alert effect and analyst endorsement continue to provide upward momentum for the stock.

(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.)