CREALITY

3388.HK opened low and rallied during the morning session, hitting an intraday high of HKD 19.260 before easing. As of 09:54 BJT, it stood at HKD 19.140, up about 3.24% from the previous close of HKD 18.540, with a thin turnover of approximately HKD 948,400 and a 0.01% turnover rate. The catalyst was a wave of bullish analyst coverage: Guotai Haitong, Haitong International, and Huatai Securities all issued positive initiations, with Huatai setting a target price of HKD 31.55, representing roughly 65% upside from current levels. The stock remains 43.71% below its 52-week high of HKD 34.00 and trades below the 60-day moving average of HKD 21.357, while a negative PE of -45.25x underscores ongoing losses. The CFO's resignation effective July 8 adds a layer of near-term risk.

Creality 3D (3388.HK) staged a low-open rally, closing at HKD 18.54, up 6.86%, driven by heavy afternoon buying that lifted the stock from a morning close of HKD 17.79 to an intraday high of HKD 18.82, nearly 10% above the open of HKD 17.14. The stock has received bullish coverage from multiple brokers, with Haitong International initiating outperform and Huatai Securities setting a target price of HKD 31.55. However, at current levels, the stock remains 45.47% below its 52-week high of HKD 34 and trades below both the MA20 (HKD 19.20) and MA60 (HKD 21.41), with a YTD decline of 18.68%. Recent financial director resignation and a negative P/E ratio of -43.83 underscore ongoing profitability challenges, while Huatai's target suggests upside potential.

Creality 3D suffered a sharp morning session decline, opening at HKD 19.12 before sliding to a session low of HKD 17.92, a 5.29% drop, and now sits 47.29% below its 52-week high of HKD 34. The sell-off was driven by last week's departure of financial director Xie Wujie and the full exercise of the over-allotment option post-stabilization, combined with profit-taking after a previous e-commerce-driven rally. With a PE of -42.37x and PB of 7.18x, the stock is trading roughly 10% below its 20-day moving average of HKD 19.80. However, several brokerages including Huatai and Haitong maintain Buy ratings with a target price of HKD 31.55, citing intact mid-to-long-term industry growth.

Creality 3D (3388.HK) staged an afternoon rally, closing up 3.61% at HK$18.96 after a volatile session. The stock opened flat at HK$18.30, climbed to a morning high of HK$18.83, dipped to HK$18.43 in early afternoon, then surged to an intraday high of HK$19.23 on heavy volume. The catalyst was a wave of bullish analyst coverage: Guotai Haitong maintained a Buy, Huatai Securities initiated with a Buy and a target price of HK$31.55, and Haitong International initiated Outperform, all citing mid- to long-term growth in consumer 3D printing. Other news saw the company issue 11.01 million new H shares and CFO Xie Wujian resign on July 8, but the market shrugged off these developments. The stock remains 44.24% below its 52-week high of HK$34.00, trades below both the MA20 (HK$20.16) and MA60 (HK$21.66), and is only 9.72% above the 52-week low of HK$17.28, with a PB of 7.6x and negative PE. However, the afternoon turnover of HK$3.03 million accounted for 76% of the full-day total, signaling strong buying interest that could test the moving averages if sustained.

Creality 3D staged a rebound after a morning dip, hitting an intraday low of HK$17.89 before rallying in the afternoon session to close at HK$18.30, down 0.87% from the previous close of HK$18.46, with an intraday range of 9.2%. Early-week news of CFO Xie Wujie's resignation, coupled with the full exercise of the over-allotment option and the end of the stabilization period, weighed on the stock. Despite strong JD.com '618' sales momentum and bullish initiation from Huatai Securities with a HK$31.55 target price, the stock remains near its 52-week low, 46.18% below the 52-week high of HK$34 and well below the 20-day MA (HK$20.38) and 60-day MA (HK$21.73), reflecting persistent weak sentiment. However, turnover of only HK$7.35 million and a turnover rate of 0.09% suggest limited selling pressure.