Movement Alert｜CCTC Falls 3.62% in Regular Trading, Persistent New Share Selling Pressure Pushes Price Below IPO Level Again Amid Sector Weakness

Market Focus

Aug 03

On August 3, CCTC fell 3.62% in regular trading, trading at 97.05 HKD/share, with turnover of approximately 31.06 million HKD. The stock dropped below its Hong Kong IPO price of 100.3 HKD once again.

Since its Hong Kong listing on July 8, the stock has oscillated around the offering price, with new share selling pressure yet to be fully absorbed. Although the company completed its first A-share buyback totaling 895 million yuan and launched a second buyback plan with a ceiling of 1 billion yuan, and secured a 900 million yuan dedicated buyback loan commitment from ICBC, the Hong Kong-listed shares remain dominated by profit-taking pressure.

The Electronic Components sector traded broadly weaker on the day, with LUXSHARE ICT down 3.68% and KB LAMINATES down 1.5%, reflecting systematic sector headwinds that weighed on individual names including CCTC.

(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.)

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.

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