On June 4, Legend Holdings fell 5.77% in regular trading, trading at 16.89 HKD/share, with trading volume of 21.40 million HKD. This marks the second consecutive session of decline, following a 5.1% drop on June 3.

The pullback comes after a sharp rally driven by subsidiary Lenovo Group's strong annual results — full-year revenue grew 20.3% year-over-year to 589.9 billion yuan, with adjusted net profit surging 42.1%. Multiple investment banks including Goldman Sachs, Macquarie, and Citi had raised target prices on Legend Holdings, citing it as a cheaper route to gain exposure to Lenovo's AI-driven growth. Lenovo Group's stock had surged 187% year-to-date to a 25-year high before the recent pullback began.

Today, Lenovo Group fell 4.36%, continuing to weigh on Legend Holdings. Within the Technology Hardware, Storage and Peripherals sector, Huaqin fell 2.21%, Longcheer fell 2.72%, while Xiaomi edged up 0.14% and Sunmi Tech rose 0.92%.

(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.)