WUXI LEAD

Wuxi Lead jumped 4.93% to HK$30.24 by 10:34 BJ in the morning session, with intraday range of HK$28.76 to HK$30.26, hitting a fresh rebound high since the 52-week low of HK$26.14 on July 16, but the stock is still 51.11% below the 52-week high of HK$61.85, with a YTD decline of 33.97% and trading below its 60-day MA of HK$41.514. Citi recently raised the target price from HK$57 to HK$67 with a Buy rating, citing significant buyback scale. Q1 revenue grew 26.09% YoY to HK$4.184 billion, net profit rose 17.49% to HK$460 million, net margin improved to 10.98%, and EPS increased 19.67% YoY to HK$0.2948. Fundamental improvement and target price upgrades by Citi and other sell-side firms have driven the rally, though the stock still has considerable room to recover toward its moving averages.

Wuxi Lead Intelligent's morning session saw a low-open then rally, with price rebounding from HK$28.34 to HK$29.12, up ~2.7%, mainly driven by its 'Extreme Intelligent Manufacturing' solutions unveiled at The Battery Show Europe. Q1 net profit rose 17.49% YoY to HK$459.6 million, revenue grew 26.09%, and net margin improved to 10.98%, underscoring solid profitability. However, the stock still trades 52.92% below its 52-week high of HK$61.85, undercuts MA20 (HK$30.64) and MA60 (HK$43.38), and is down 36.42% YTD, indicating persistent weakness. Goldman Sachs, Citi, and Jefferies have issued Buy ratings with target prices of HK$67 and HK$64, while the current price of HK$29.12 suggests a wide discount to those valuations.

Lead Intelligent opened higher and rallied in the morning session, reaching HKD27.820 by 09:35 BJT, up 5.22%, driven by its 'Extreme Intelligent Manufacturing' showcase at The Battery Show Europe 2026 and a crease-free folding technology collaboration with OPPO. Q1 net profit of HKD460 million rose 17.49% YoY, revenue of HKD4.18 billion grew 26.09% YoY, and net margin improved to 10.98%. However, the stock remains 55.02% below its 52-week high of HKD61.85 and below the 20-day MA of HKD31.089, with a YTD decline of 39.26%. While Citi raised its target price to HKD67 and BofA to HKD64, the persistent price weakness suggests lingering valuation concerns.

Lead Intelligent Equipment 470.HK opened sharply lower in the morning session, then briefly rallied before persistently declining, closing down 5.18% at HKD 26.74, touching the day's low of HKD 26.74, close to the 52-week low of HKD 26.4 hit on July 13. The drop was mainly driven by concerns over earnings sustainability and valuation pressure. Despite Q1 2026 operating revenue growing 26.09% YoY to HKD 4.184 billion, net profit increasing 17.49% YoY to HKD 460 million, and net profit margin improving to 10.98%, the stock has fallen below both its 20-day moving average (HKD 31.606) and 60-day moving average (HKD 44.352), with a YTD decline of 41.62% and a 56.77% drop from the 52-week high of HKD 61.85. However, the stock's PE of 24.64x and PB of 2.21x, along with Q1 EPS of HKD 0.2948 (up 19.67% YoY), suggest some fundamental support.

Wuxi Lead Intelligent Equipment (470.HK) staged a sharp turnaround today, hitting an intraday low of HK$26.46 in the morning session before surging to close at HK$29.14, up 4.44%, with a daily range of nearly 10%. The rally was primarily driven by solid fundamentals: Q1 2026 net profit rose 17.49% YoY to HK$459.6 million, revenue grew 26.09% to HK$4.18 billion, and EPS reached HK$0.2948, up 19.67%. The net profit margin improved to 10.98% from 9.43% in Q4 2025. Despite the strong earnings, the stock remains 52.89% below its 52-week high of HK$61.85 and down 36.38% year-to-date, trading well below its 20-day MA of HK$33.58 and 60-day MA of HK$45.55. At a PE of 26.86x and PB of 2.41x, the valuation still reflects the prolonged downtrend since May 2026, though today's volume of 2.5 million shares and a turnover rate of 4.1% suggest some renewed interest.