CREALITY

Creality 3D traded with an upward bias in the morning session, dipping to an intraday low of HKD 18.83 before swiftly rebounding to close at HKD 19.52, up roughly 2.3%. The gain was largely driven by e-commerce sales momentum—its consumables business reportedly doubled during JD.com‘s 618 festival, which fueled a nearly 20% surge on July 19. However, today’s advance was muted, with the stock still 42.6% below its 52-week high of HKD 34 and trading below both the 20-day (HKD 21.09) and 60-day (HKD 21.93) moving averages, suggesting persistent technical weakness. The company recently issued 11.01 million new H-shares, and its finance director Xie Wujian resigned effective July 8, while a trailing PE of -46.15x underscores ongoing losses. Gains tapered toward the session close, reflecting lingering caution over the pace of valuation recovery.

Creality 3D staged a low-open rally, surging in the afternoon session to close at HK$19.75 by 14:15 BJ, up 5.05%, driven by market digestion of its new product launches and e-commerce momentum (JD 618 sales doubling), coupled with recent initiation of coverage by Haitong International and Huatai Securities at Buy ratings and a target price of HK$31.55. It opened at HK$18.80, dipped to an intraday low of HK$18.57, then rebounded, with a day range of 6.5% and turnover of approximately HK$6.01 million. The current price remains 41.91% below its 52-week high of HK$34 and trades below MA20 (HK$21.40) and MA60 (HK$22.00), though the company's market cap stands at about HK$9.44 billion and its PE is negative, highlighting a contrast between weak fundamentals and optimistic retail data.

Creality 3D (3388.HK) continued its decline today, with the afternoon session extending losses to 5.4% and closing at HKD 18.03, primarily due to persistent selling pressure after the over-allotment option was fully exercised post-stabilization. The stock saw a spike-and-retreat pattern, briefly rising to HKD 19.09 in the morning session before sliding, hitting an intraday low of HKD 18.03 in the afternoon. The current price is 46.97% below the 52-week high of HKD 34, and trades below both the 20-day MA (HKD 21.956) and 60-day MA (HKD 22.156), with a YTD decline of 20.92%, indicating significant price weakness. However, earlier brokerages such as Huatai, Haitong International, and Guotai Haitong issued Buy or Outperform ratings with target prices as high as HKD 31.55, contrasting sharply with the current price.

Creality 3D staged a morning session rally from HKD 18.88 to HKD 19.94, up 5.11%, driven by dense institutional coverage. Guotai Haitong reiterated a Buy rating, Huatai Securities initiated coverage with a HKD 31.55 target price, and Haitong International also gave an Outperform rating, all citing positive long-term industry outlook. However, the current price of HKD 19.94 is still 41.35% below the 52-week high of HKD 34, with a YTD decline of 12.54%, and it has broken below both the 20-day (22.363) and 60-day (22.408) moving averages, indicating a weak price position. The resignation of Financial Director Xie Wujian on July 8 may add near-term uncertainty.

3388.HK staged a rebound from intraday lows, surging to an afternoon high of HKD 19.63, recovering 9.78% from its 52-week low, but closed at HKD 18.97, down just 0.16%. The bounce was driven by bargain hunting amid heavy volume, yet the stock's price-to-book ratio of 7.61x and negative P/E of -44.85x highlight valuation concerns, while it remains 44.21% below the 52-week high of HKD 34 and well below both the 20-day MA (HKD 22.482) and 60-day MA (HKD 22.488), indicating strong overhead resistance, though afternoon turnover accelerated to 264,900 shares from 367,950 in the morning session, suggesting short-term speculative interest.