Hong Kong stock movement: TIME INTERCON's placement of new shares triggers market panic, stock price plummets by 10.11%!

Hong Kong Stock Movement TIME INTERCON fell 10.11%. Based on recent news, On February 10, TIME INTERCON announced the placement of 108 million new shares, accounting for approximately 5.16% of the expanded share capital, at a price of HKD 15.22 per share, a discount of about 14.97% compared to yesterday's closing price. This move led to a decline in market confidence in the company's stock price, resulting in a significant drop. Source: Zhitong Finance On February 9, TIME INTERCON released an announcement stating that it would issue 865,000 new shares under the share scheme. Although the number of shares issued is small, it still had a certain negative impact on market sentiment. Source: Zhitong Finance On February 9, CITIC Securities initiated coverage on TIME INTERCON with a "Buy" rating. Despite the positive rating, it failed to offset the negative impact brought by the placement of new shares. Source: Zhitong Finance. The market reacted negatively to the placement of new shares, leading to a decline in stock price. Stocks with High Trading Volume in the Industry CATL rose 0.97%. Based on recent news, On February 9, CATL signed a strategic cooperation agreement with Horizon to promote the development of intelligent automotive technology, enhancing market confidence. On February 9, UBS raised its forecast for CATL's battery sales and net profit, increasing the target price to HKD 660, with a "Buy" rating. On February 9, CATL announced an employee stock ownership plan for 2026, involving 4,956 middle management and core personnel, enhancing employee motivation. The overall battery industry is improving, but rising raw material prices pose challenges. Ruipu Lanjun fell 2.07%. Based on recent news, On February 5, Ruipu Lanjun's strategic execution in the global new energy, especially in the battery industry, was considered successful, but the market holds a cautiously optimistic attitude towards its future development. Despite a clear strategic vision, investors are concerned about its ability to maintain rapid growth in a rapidly changing market, leading to a decline in stock price. Competition in the new energy sector is intensifying, and policy changes need to be monitored. Jinli Permanent Magnet rose 2.05%. Based on recent key news: On February 9, Jinli Permanent Magnet's stock price rose 7.52%, with a trading volume of HKD 127 million. Due to the shutdown of a separation plant, expectations of supply tightness have intensified, leading to active inquiries in the praseodymium-neodymium market and rising prices. Guotou Securities expects the rare earth price center to rise, supporting the stock price increase. On February 4, JP Morgan reduced its holdings in Jinli Permanent Magnet by 1.1198 million shares at a price of HKD 21.3127, totaling HKD 23.866 million. After the reduction, the holding ratio dropped to 6.94%, putting some pressure on the stock price. On February 9, with tight policies and supply, the spot supply of praseodymium-neodymium oxide is in short supply, and the demand side has shifted from just-in-time procurement to stockpiling procurement, supporting the rise of the rare earth price center and driving the stock price up. The demand in the rare earth market is strong, and prices are rising. Stocks with High Market Capitalization in the Industry Zhongwei New Materials fell 0.40%, with a market capitalization of HKD 36.2 billion, and there has been no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation