Smart-Core Holdings Limited, an investment holding company, distributes integrated circuits and other electronic components in Hong Kong, the People’s Republic...
Smart-Core Holdings closed up 4.59% at HKD 5.01, driven by AI storage theme and a discounted placement raising HKD 291 million to enhance AI storage business. The stock saw intraday volatility, first dipping to HKD 4.76 in the morning session before surging to an intraday high of HKD 5.10, eventually settling near the day's average price of HKD 4.99. The company's annual net profit rose 60.8% YoY to HKD 161 million and its dividend payout ratio was raised from 15% to 50%, underpinning stronger fundamentals. Despite a 136.32% YTD gain from a 52-week low of HKD 1.63, the stock remains 13.47% below its 52-week high of HKD 5.79 and trades above both its MA20 (HKD 4.17) and MA60 (HKD 3.92). However, the public float has fallen to 20.61% post-placement, breaching the HKEX's 25% minimum requirement, which could pose a short-term liquidity concern.
Sa Sa International Q1 Revenue Jumps 24% as Hong Kong Equities Show Mixed Recovery
SMART-CORE Expects 1H25 Net Profit to Surge at Least 460% YoY
Smart-Core expects H1 profit attributable to owners to jump at least 460%
Smart-Core files HKEX next-day disclosure return showing 97,736,000 new shares issued, boosting share capital
Smart-Core Completes HK$291 Million Share Placing to Fund Semiconductor Inventory Expansion
Smart-Core completes placement of 97,736,000 shares at HK$3 each, raising HK$291.3 million net