BRETON (01333) surged nearly 10%, reaching a high of HK$42.7, setting a new listing high. As of press time, the stock was up 9.86% at HK$42.58, with a turnover of HK$7.3465 million.
On the news front, BRETON plans to hold a board meeting on August 27 to approve its interim results. According to public information, BRETON is an electric construction machinery provider. In 2024, the company ranked third and seventh among all new energy wide-body dump truck and loader manufacturers respectively, with market shares of 18.3% and 3.8% by shipment volume. It is the only pure new energy construction machinery manufacturer among the leading manufacturers in these two categories of new energy construction machinery.
Notably, Hang Seng Indexes Company will release its mid-year review results on August 22, with related changes taking effect on September 8. Changjiang Securities issued a research report stating that historical data shows companies potentially entering Stock Connect have a higher probability of rising before "inclusion," particularly companies in sectors such as power equipment, defense and military, agriculture, forestry, animal husbandry and fishery, and commercial retail. After entering Stock Connect, as Stock Connect holdings increase, there is still a certain probability that company stock prices can continue to rise. The firm believes that BRETON and several other companies are expected to be included in Stock Connect.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.