---
title: "Weekly Recap | RA MATERIALS -4.67%, valuation at a rich level"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302167986.md"
description: "RA MATERIALS (9607.HK) lost 4.67% this week to close at HK$37.96, trailing the Hang Seng Index by about 4.32 percentage points, after the benchmark slipped 0.35%. The stock followed a fade-the-rally pattern: Monday (Oct 12) touched a high of HK$40.4 before closing at HK$40.0; Tuesday (Oct 13) pulled back to HK$39.12; Wednesday (Oct 14) slid to an intraweek low of HK$36.2 before settling at HK$38.18. Thursday (Oct 15) opened at HK$38.22, bottomed at HK$37.04, and closed at HK$37.96."
datetime: "2026-10-17T06:19:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302167986.md)
  - [en](https://longbridge.com/en/news/302167986.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302167986.md)
generator: "portal-rs"
---

# Weekly Recap | RA MATERIALS -4.67%, valuation at a rich level

## The Week

RA MATERIALS (9607.HK) lost 4.67% this week to close at HK$37.96, trailing the Hang Seng Index by about 4.32 percentage points, after the benchmark slipped 0.35%. The stock followed a fade-the-rally pattern: Monday (Oct 12) touched a high of HK$40.4 before closing at HK$40.0; Tuesday (Oct 13) pulled back to HK$39.12; Wednesday (Oct 14) slid to an intraweek low of HK$36.2 before settling at HK$38.18. Thursday (Oct 15) opened at HK$38.22, bottomed at HK$37.04, and closed at HK$37.96. The weekly range was 10.55%, while average daily volume of roughly 639,000 shares ran 5.34% below the median, pointing to thinner participation.

## Key Events

The week’s corporate updates centred on financing guarantees and a connected transaction. On Tuesday (Oct 13), the company published an overseas regulatory announcement on the progress of its annual estimated financing guarantee. A board meeting notice followed on Wednesday (Oct 14), anchoring governance timing ahead. Thursday (Oct 15) saw the most substantive filing of the week: a connected transaction capital increase agreement and its corresponding English announcement. On the tape, short news flashes recorded Monday’s sharp rise, Wednesday’s near-5% drop, and Thursday’s see-saw session, but these did not coalesce into a coherent narrative beyond short-term swings in materials sentiment.

## The Week Ahead

Two lines stand out for the coming days. On the macro side, Hong Kong releases unemployment and CPI data on Thursday (Oct 22), with previous readings at 3.8 and 1.7, which could set the tone for local risk appetite. On the corporate side, Tongcheng New Materials reports fiscal Q3 2026 earnings before the open on Wednesday (Oct 28). Given this week’s board meeting notice and the capital increase agreement, the focus will be on gross margin trends, revenue mix, and whether the connected transaction extends expectations for capital expenditure.

## In Short

RA MATERIALS showed greater downside sensitivity this week, underperforming the Hang Seng Index by more than 4 percentage points, with daily volume below the weekly median, signalling weak participation. Valuation sits at a rich level: static P/E around 37.55x and P/B near 5.37x. On the latest trading day, large orders showed zero net flow, while medium and retail money were net sellers, adding to the mixed picture. The next catalysts lie in the earnings call and the capital increase agreement, with attention on whether profit forecasts and capex plans can provide clearer incremental information.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**