Understanding the Market | LEOCH INT'L rebounds nearly 7% as executive director and chairman increases shareholding for three consecutive days, involving a total investment of over HKD 86.73 million
LEOCH INT'L's stock price rebounded nearly 7%, rising 6.9% to HKD 2.17 as of the time of writing, with a trading volume of HKD 11.0935 million. CEO Wu Kouyue and Executive Director and Chairman Dong Li have continuously increased their shareholdings, with Dong Li's ownership ratio rising to 74.21%. The company expects revenue growth of 10% to 20% in the first half of the year, but the profit attributable to the parent company is expected to decrease by 60% to 80%. In addition, the production start date for the Mexican factory has been postponed to the fourth quarter of 2025
According to Zhitong Finance APP, LEOCH INT'L (00842) rebounded nearly 7%, as of the time of writing, up 6.9%, priced at HKD 2.17, with a trading volume of HKD 11.0935 million.
In terms of news, according to information from the Hong Kong Stock Exchange, on July 18, CEO Eddie Wu increased his holdings in LEOCH INT'L by 100,000 shares, totaling approximately HKD 175,000. After the increase, the latest shareholding ratio is 0.1%; on the same day, Executive Director and Chairman Dong Li increased his holdings in LEOCH INT'L by 14.3 million shares, totaling approximately HKD 27.09421 million. On July 21, Dong Li increased his holdings in LEOCH INT'L by 20 million shares, totaling HKD 39.74 million; on July 22, Dong Li increased his holdings in LEOCH INT'L by 10 million shares, totaling HKD 19.902 million. After three increases, Dong Li's latest shareholding ratio is 74.21%.
In addition, LEOCH INT'L released a performance forecast, expecting that the group's revenue for the first half of the year will increase by approximately 10% to 20% compared to the same period last year, but the profit attributable to the parent company is expected to decrease by approximately 60% to 80% year-on-year, mainly due to the additional import tariffs imposed by the U.S. government in the second quarter, which significantly increased the costs related to some of the group's duty-paid delivery products. However, based on the group's market strategy considerations, the price increase for these products is planned to be delayed until the end of 2025; and due to supply chain and construction progress impacts, the commissioning time of the Mexican factory has been postponed from the second quarter of 2025 to the fourth quarter of 2025
