Jinwu Financial News | SUNEVISION (01686) saw its stock price rise sharply in the morning but then fell back, peaking at nearly 7% before turning down, currently reported at HKD 9.23, down 4.15%, with a trading volume of 0.293 billion HKD. The stock has accumulated a rise of over 145% since February.
In terms of news, the company previously announced its interim results, with a net profit of 0.484 billion yuan, up 11.2% year-on-year; earnings per share of 11.92 cents. No interim dividend was declared. The interim revenue recorded 1.47 billion yuan, up 14% year-on-year. Revenue from Datacenter and Technology facilities business grew 15% year-on-year to 1.361 billion yuan.
BOCOM INTL noted that its performance met expectations, but believes the company's current valuation is now comparable to that of leading international peers and fully reflects the positive driving factors in fundamentals, hence adjusting the rating to neutral due to limited space for further short-term increases.
