ANDRE JUICE

ANDRE JUICE (2218.HK) closed up 4.5% at HKD 17.90 today, driven by ongoing interest in its cross-border semiconductor acquisition plan (proposed takeover of IC design firm Ningbo Yongqiang Technology for HKD 600-800 million), which triggered a session high of HKD 18.18 at 14:23 BJ time. However, the stock witnessed a choppy session, hitting a morning low of HKD 17.08. The acquisition news previously sent shares surging over 30% in a single day before paring gains 15% on integration concerns. Fundamentals showed Q1 operating revenue falling 18.75% YoY to HKD 374 million and net profit down 10.57% to HKD 82.4 million, though net profit margin widened to 22%. Despite being 56.49% below its 52-week high of HKD 41.14, the stock is up 32.01% YTD and closed just above its 60-day MA (HKD 17.98) though below the 20-day MA (HKD 20.90). Afternoon session turnover narrowed to HKD 9.45 million from HKD 145.6 million in the morning, suggesting waning upward momentum.