On October 8, SHENZHOU INTL rose 3.36% in regular trading, trading at 35.06 HKD/share, with Turnover of 33.25 million HKD.
The move follows a series of significant share purchases by Chairman Ma Jianrong and affiliated entity SPLENDID STEED INVESTMENTS LIMITED. Recent filings show a purchase of 1.5 million shares at an average price of 33.93 HKD on October 2, raising their combined long position to 43.97%. This extends a month-long pattern of near-daily acquisitions, with multiple transactions recorded around the 34-37 HKD range, and comes despite a challenging first-half earnings report that saw net profit decline 40% year-over-year.
The repeated insider buying at current levels is being read by some market participants as a strong signal of value recognition from the company's controlling shareholder, contributing to positive sentiment in the session.
(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.)