OMNIVISION

OMNIVISION Group experienced a sharp rally and retreat today on the Hong Kong Stock Exchange, closing at HKD 80, a 2.11% gain from yesterday's close of HKD 78.35, with an intraday range of 12.5%. The morning session was boosted by news that four Hong Kong-listed AI hardware companies have raised over HKD 14 billion, pushing the stock to an intraday high of HKD 83.6, but profit-taking drove it to near the session low in the afternoon. Q1 results showed revenue grew 4.91% YoY to HKD 7.27 billion, but net profit plunged 38.52% YoY to HKD 570 million, with net margin shrinking from 11.81% in Q4 to 7.84% and EPS down 39.72% YoY, underscoring earnings pressure. The stock has fallen 34.32% YTD from its opening price of HKD 121.8 and sits 36% below its 52-week high of HKD 125, though it remains above the 20-day moving average (HKD 75.468) and 16.7% above the 52-week low of HKD 68.55. However, the company recently raised an additional HKD 511 million through an over-allotment option, partially easing capital constraints.