Movement Alert|ILUVATAR COREX Rises 5.18% in Regular Trading, Post-Capitalization Liquidity Boost and Hang Seng Tech Index Inclusion Effect Continues

Market Focus
Sep 18

On September 18, ILUVATAR COREX rose 5.18% in regular trading, trading at HK$132.2/share, with turnover of HK$35.97 million.

On the news front, the company completed its capitalization issue on September 15, distributing 2 new shares for every 1 existing share held by all shareholders. The ex-rights adjustment significantly lowered the per-share price base, reducing the per-lot trading threshold and materially improving secondary market liquidity. Meanwhile, the company was formally included in the Hang Seng Tech Index on September 7, becoming the first and only GPU-track constituent stock in the index, which is expected to continue attracting passive fund allocation.

On the institutional front, Macquarie maintains an Outperform rating with a target price of HK$1,060, citing confidence in the mass production prospects of the new Tiangai-300 training chip and medium-term growth potential with CSP clients. Separately, the broader semiconductor sector showed strength, with HUA HONG GRACE up 3.27%, GIGADEVICE up 4.71%, MONTAGE TECH up 4.11%, and BIREN TECH up 3.43%, providing additional sector-level support.

(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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