On May 20, SICC Co (02631.HK) rose 3.75% in regular trading, trading at 110.1 HKD/share, with trading volume of 644 million HKD. The stock showed stabilization after consecutive sessions of pullback from its prior monthly surge of over 80%.

On the news front, the company held its annual results briefing on May 19, where Chairman Zong Yanmin stated that industry supply-demand dynamics are continuously optimizing. Notably, Q1 gross margin improved by 25 percentage points compared to Q4 of the prior year, signaling meaningful operational recovery. The company also reiterated its dominant position with 51.3% global market share in 8-inch SiC substrates.

Institutional flows also turned supportive. UBS Group increased its H-share holdings to 5.07% as of May 13, crossing the key disclosure threshold, while JPMorgan reduced its short position from 3.66% to 3.02% as of May 14. This shift in the institutional bull-bear dynamic appears to have bolstered market confidence following the recent correction driven by profit-taking, shareholder reduction plans, and questions over the SiC demand narrative in advanced packaging.

(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.)