On September 18, DELTON rose 4.62% in regular trading, trading at 118.8 HKD/share, with turnover of HKD 13.51 million. The stock rebounded following a 3.02% decline in the prior session triggered by profit-taking and the approaching shareholder vote on a convertible bond issuance plan.
On the news front, UBS Group AG recently increased its long position in DELTON H-shares from 11.2% to 13.44%, acquiring an additional approximately 103,000 shares to bring total holdings to 6.183 million shares. The institutional accumulation signals sustained medium-to-long-term conviction despite short-term volatility around the upcoming September 24 extraordinary general meeting, where shareholders will vote on an A-share convertible bond offering of up to RMB 3.6 billion.
On fundamentals, the company is upgrading its Huangshi facility into a major domestic computing server PCB production base, with first-half revenue of RMB 674 million from the unit. PCIe 6.0 server PCBs are expected to begin small-batch shipments this year and ramp to volume production next year. Within the Electronic Components sector, PCB peers stabilized, with VGT up 3.83% and KB LAMINATES up 0.09%.
(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.)