On September 28, SIGENERGY rose 3.67% in regular trading, trading at 317.0 HKD/share, with turnover of approximately 32.37 million HKD.

On the news front, CICC recently initiated coverage on the company with an Outperform rating and a target price of 400 HKD, implying approximately 26% upside from the current level. The stock had previously been under pressure from the upcoming lock-up expiry of cornerstone investor JIC International on October 15, with unlocked shares valued at roughly 2.19 billion HKD, representing 4.77% of H shares. The stock had retreated to as low as 302.8 HKD, falling below its IPO price of 324.2 HKD.

Strong fundamentals underpin the rebound. The company reported H1 revenue of 9.874 billion yuan, up 261.2% year-over-year, with adjusted net profit of 2.485 billion yuan, up 135.8%. Multiple brokerages have issued bullish ratings, including Citi with a 500 HKD target, Dongwu Securities at 559 HKD, and CLSA at 601 HKD, collectively supporting a near-term oversold recovery.

(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.)