Movement Alert|BEFAR GROUP Intraday Decline 5.34%, Commodity Chemicals Sector Under Pressure Combined with Prior Rally Profit-Taking

Market Focus
Aug 11

On August 11, BEFAR GROUP fell 5.34% in regular trading, trading at HKD 3.195/share, with turnover of HKD 35.27 million.

On the news front, the Commodity Chemicals sector broadly weakened, with China Risun Group down 10.17% and Shanghai Petrochemical down 2.17%. Meanwhile, the stock had previously surged over 40% cumulatively from mid-July to early August following the announcement of its 6N-grade electronic high-purity hydrogen fluoride gas production launch. The company issued multiple risk warnings stating that hydrogen fluoride products account for only a small proportion of revenue and are not expected to have a material impact on financial performance.

Market profit-taking pressure intensified as the prior speculative rally appeared overextended relative to the product's near-term earnings contribution. The stock had triggered abnormal trading alerts on multiple occasions, with three consecutive sessions of cumulative gains exceeding 20% in late July.

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