$INGENIC(03223.HK) surged +19% on Wednesday, closing at HKD 79.45 with volume hitting nine times its average. During the…
$INGENIC(03223.HK) surged +19% on Wednesday, closing at HKD 79.45 with volume hitting nine times its average. During the earnings call, management stated that storage gross margins will continue to rise in Q4; Q3 net profit grew nearly 26x YoY, and the storage price hike has been directly reflected in its performance.
$SENASIC(06675.HK) rose even more, +25%, with volume exceeding fourteen times the average. Lacking a specific announcement, it was swept up by capital along with the broader Hong Kong storage and semiconductor sector; it had previously fallen cumulatively by 10% over the prior week and over 20% in the last month.
$INGENIC(03223.HK) is supported by solid earnings, while $SENASIC(06675.HK) relies more on elasticity and turnover following the sharp decline. Whether the latter's gains hold depends on how long the heat in the Hong Kong storage supply chain can sustain.
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