Stock Track | MORIMATSU INTL Plummets 5.24% Intraday as Profit-Taking Follows Previous Session's Surge

Stock Track
Jun 02

MORIMATSU INTL's stock plummeted 5.24% during intraday trading on Tuesday, marking a significant pullback from its recent gains.

The decline reflects notable profit-taking pressure, as the stock had surged over 19% in the previous trading session. While the company recently expanded into semiconductor equipment through a subsidiary's product procurement contract, the deal size of RMB 12 million is relatively limited against the company's overall revenue base.

Fundamentally, the company's full-year results showed shareholder-attributable profit declining 18.7% year-over-year, with net profit margin falling 2.1 percentage points. The modest contract size combined with weakening profitability metrics appears insufficient to sustain the prior session's sharp rally, triggering profit-taking among short-term traders.

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