RIGOL

Rigol Technologies opened lower and declined throughout the Hong Kong morning session, closing 5.09% lower at HKD 25.700, driven by sustained post-listing pressure. Despite Q1 net profit surging 547.88% YoY to HKD 26.25 million and revenue growing 46.09%, the stock remains 32.37% below its 52-week high of HKD 38.0 and below its 20-day MA (HKD 26.166), reflecting market digesting elevated valuation and profit-taking after southbound fund inflows. However, yesterday's partnership announcement with Shenzhen Kaihong and recent insider share purchases may provide some support.

Rigol Technologies opened lower and declined steadily throughout the session, closing at HKD 26.740, down 5.04% from the previous close of HKD 28.160, primarily driven by profit-taking after recent rallies and cooling sentiment following multiple price surges. Despite strong Q1 fundamentals with revenue surging 46.09% YoY to HKD 262.5 million and net profit skyrocketing 547.88% YoY to HKD 26.2 million, the stock remains 29.63% below its 52-week high of HKD 38 and has a YTD decline of 7.15%. The current price of HKD 26.740 sits slightly above the MA20 and MA60 (both at HKD 26.133), indicating a tug-of-war between short-term support and broader weakness. However, sustained southbound inflows via Stock Connect provided some liquidity support, with turnover of approximately HKD 8.4 million and a turnover rate of 2.15%.

The stock opened low and moved higher, climbing to HKD 27.60 in the afternoon session, closing up 5.34%, mainly driven by sustained southbound fund inflows after being added to the Stock Connect list. After hitting an intraday low of HKD 26.22 in the morning session, it quickly rebounded to a high of HKD 27.60, with a full-day range of 5.26%. Q1 earnings showed operating revenue up 46.09% YoY to HKD 262.5 million, net profit surged 547.88% YoY to HKD 26.25 million, and EPS jumped 535.16% YoY to HKD 0.136, reflecting strong fundamental improvement. The current price is still 27.37% below the 52-week high of HKD 38, but has reclaimed the MA20 (HKD 26.027) and MA60 (HKD 26.027), with YTD decline of 4.17%. However, the stock has been volatile since listing, with multiple single-day drops exceeding 5%, warranting attention to the sustainability of fund flows.

Rigol Technologies saw a volatile morning session, opening at its intraday low of HK$25.20 before rallying sharply to a high of HK$26.96, and closing at HK$26.36, up 2.57% from the previous close of HK$25.70, on turnover of HK$17.95 million. The rebound was driven by two consecutive positive catalysts: inclusion in the Southbound Stock Connect list, which has fueled northbound capital inflows after a prior slump, and media coverage of the stock's narrowing decline from its debut. The company's strong Q1 2026 earnings—revenue of HK$262.5 million (+46.09% YoY), net profit of HK$26.2 million (+547.88% YoY), and EPS of HK$0.136 (+535% YoY)—provide fundamental support. However, the stock remains 30.63% below its 52-week high of HK$38 and trades just above its 20-day MA of HK$25.886, while the 12.65% gain from the 52-week low of HK$23.40 suggests the rally's durability is uncertain.

The morning session staged a low-to-high rally, gaining 5.02%, driven by a sharp improvement in Q1 earnings. Opening at 24.000 HKD, it dipped to 23.740 HKD before trending steadily upward, closing the morning at 25.120 HKD with an intraday range of 5.81%. Net profit surged 547.88% YoY to 26.25 million HKD, while revenue rose 46.09% YoY to 263 million HKD. EPS reached 0.1360 HKD, up 535.16% YoY. Despite the strong earnings, the stock trades 33.89% below its 52-week high of 38.000 HKD, with a YTD decline of 12.78%, and remains below its MA20 of 25.769 HKD, highlighting a disconnect between fundamentals and price levels. However, the PE of 46.000x suggests elevated valuation multiples.