Hong Kong Stock Movement: ICO GROUP's mid-term performance is poor, and the stock price plummets by 10.34%

Hong Kong Stock Movement

ICO GROUP fell 10.34%. Based on recent news,

1. On November 27, ICO GROUP announced a mid-term net profit of HKD 13.36 million for the period ending September 30, a year-on-year decrease of 39%, with earnings per share of 1.5 cents and no interim dividend declared. The poor performance has undermined investor confidence, leading to a drop in stock price.

2. On November 26, ICO GROUP released its mid-term results, reporting revenue of HKD 517 million, a year-on-year increase of 3%; the profit attributable to equity shareholders was HKD 13.357 million, a year-on-year decrease of 39.33%. Following the announcement, the stock price fell by 4.92%, with a trading volume of 18.696 million shares.

3. On November 26, ICO GROUP continued its weak trend after the opening, with rare active funds during the session. The sector faced diversion, and small and medium-sized manufacturing industries encountered multiple pressures from export demand, exchange rate fluctuations, and trade tensions, leading to a moderate decline in stock price throughout the day. The expectation of differentiation in the manufacturing sector has led to a prevailing wait-and-see strategy in the industry.

Stocks with High Trading Volume in the Industry

China Software International fell 1.48%. Based on recent news,

1. On November 26, China Software International signed an agreement with Shenzhen Kaihong and Loongson Technology to jointly create the "Longhong System." This collaboration aims to accelerate the industrialization of the "Longhong System," targeting core scenarios such as industrial control, government affairs, and smart living, and jointly developing solutions like edge computing gateways and AI terminals. Following this announcement, the market held a cautious attitude towards the company's future development prospects, leading to a decline in stock price.

2. On November 26, industry changes prompted the Harmony OS to be restructured from the kernel, expected to accelerate the promotion of the Harmony operating system and the adaptation of its application ecosystem. Although this news is beneficial for the company's long-term development, there are doubts in the short term about its ability to achieve profitability quickly, affecting investor confidence.

3. On November 26, the company has been deeply engaged in the digital finance sector and is expected to benefit from the growth of stablecoin scale. However, the uncertainty surrounding digital currency policies has increased investment risks, putting pressure on the stock price. Industry changes and digital currency policies have increased market volatility.

Jingwei TianDi fell 2.45%, with a trading volume of HKD 13.92 million, and there has been no significant news recently. Trading is active, with clear fund flows. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Jiufu Lai rose 11.90%, with a trading volume of HKD 6.12 million, and there has been no significant news recently. Trading is active, with clear fund flows. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Stocks with High Market Capitalization in the Industry

Shenzhou Holdings fell 0.71%. There has been no significant news recently; trading is active, with clear fund flows. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. no_news