HSI1 25,937.49 +269.46 240.28B
HSCEI1 8,621.84 +90.26 59.11B
Back    Zoom +    Zoom - Block Traded
SIGENERGY Slips 3% at Midday, as CLSA Says Risk/ Reward Improves, TP Cut to HKD414
2026-08-10 12:48:02
SIGENERGY (06656.HK) closed at HKD306.4 at midday today (10th). Fluctuating and sagging 3.16%, the stock marked trading volume of 113,800 shares and turnover of HKD35.1616 million.

CLSA said the company's profit alert for 1H was in line with full-year guidance. Lower input costs were expected to benefit demand for ESS. Since its H-share listing, the stock has retreated about 60% from its historical peak, but has started to take a breath in recent weeks.

The risk/ reward has improved and the valuation is more reasonable. The broker cut the TP from HKD601 to HKD414, while reiterating the Outperform rating.
~

AASTOCKS Financial News
Website: www.aastocks.com