On May 29, Hans CNC (03200.HK) declined 3.53% in regular trading, trading at 180.0 HKD/share, with trading volume of 83.59 million HKD.

On the news front, HKEX disclosure data shows that Morgan Stanley reduced its holdings in Hans CNC by 118,100 shares on May 19 at approximately 164.39 HKD per share, involving approximately 19.41 million HKD. Following the reduction, Morgan Stanley's stake fell to 7.94%. Since the disclosure last week, the stock has experienced sustained selling pressure across multiple trading sessions, with a single-day decline exceeding 6% at one point.

Additionally, the stock had previously rallied consecutively on the high-demand logic of AI computing power driving PCB equipment orders, accumulating significant short-term profit-taking pressure. Despite the company reporting Q1 revenue growth of 104% year-over-year and net profit surging 177%, the combined effect of institutional stake reduction and profit-taking continues to suppress market sentiment in the near term.

(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.)