Movement Alert|LUXSHARE ICT Rises 3.33% in Regular Trading, Stock Recovers Above IPO Price as Southbound Capital Continues Flowing In

Market Focus
Aug 12

On August 12, LUXSHARE ICT rose 3.33% in regular trading, trading at 63.7 HKD/share with turnover of HKD 95.48 million, pushing the stock back above its IPO price of 63.28 HKD.

On the news front, the company was included in the Shenzhen-Hong Kong Stock Connect southbound eligible list starting August 6, officially opening the channel for mainland capital. Southbound funds have continued flowing in, with a single-day addition of 1.83 million shares on August 10. Meanwhile, the Hong Kong Exchange previously disclosed that Goldman Sachs Group's long position in the company's H shares once rose to 20.27%, indicating sustained institutional accumulation.

The company previously disclosed its half-year earnings guidance, projecting net profit attributable to shareholders to grow 18%-22% year-over-year, with non-recurring profit growth of 11.74%-20.06%, providing clear fundamental support. Additionally, the company completed a HKD 1 billion A-share buyback program as of July 31, repurchasing 17.67 million shares.

(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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