Movement Alert|CCTC Rises 3.35% in Regular Trading, Second Phase A-Share Buyback Launched as MLCC Price Hikes Take Effect

Market Focus
Aug 04

On August 4, CCTC rose 3.35% in regular trading, trading at HKD 101.7/share, with turnover of HKD 7.81 million. The stock reclaimed its IPO price of HKD 100.3 after falling below that level in the previous session.

On the news front, the company on August 3 executed the first transaction under its second-phase A-share buyback plan, repurchasing 172,700 shares at RMB 110.01–112.92 per share for a total consideration of approximately RMB 19.31 million. The second-phase plan, approved on July 30, authorizes buybacks of RMB 500 million to RMB 1 billion using proprietary or borrowed funds, supported by a RMB 900 million dedicated repurchase loan commitment from ICBC. Simultaneously, Samsung Electro-Mechanics' approximately 30% across-the-board MLCC price increase officially took effect on August 1, directly benefiting CCTC as China's leading MLCC manufacturer through improved volume-price dynamics. The Electronic Components sector rallied broadly, with KB Laminates up 8.2% and VGT up 4.29%, providing additional sector tailwinds.

(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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