Movement Alert|Minth Group Rises 5.07% in Regular Trading, Rebounding After Share Buyback Amid Prior Sharp Decline

Market Focus
06/12

On June 12, Minth Group rose 5.07% in regular trading, trading at 31.1 HKD/share, with turnover of approximately 73.39 million HKD. The stock is rebounding after suffering an 11.78% intraday decline on June 10.

On the news front, Minth Group repurchased 1 million shares on June 10 at prices ranging from 29.06 to 30.00 HKD per share, spending approximately 29.8 million HKD. The buyback was conducted under its general share repurchase mandate approved in late May, which authorizes the company to repurchase up to 10% of its issued share capital, equivalent to roughly 117 million shares. Additionally, UBS recently raised its target price for Minth Group to 48 HKD, citing growing momentum in the company's robotics and liquid cooling businesses.

Within the Auto Parts & Equipment sector where Minth Group belongs, individual stocks showed mixed performance. Among peers, HESAI up 3.91%, MINIEYE up 3.34%, JOHNSON ELEC H up 3.04%, PATEO up 2.38%, while SEYOND fell 11.37%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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