HKG:1377

6 stories mentioning HKG:1377Updated 42d ago

Every FINWIRES story that references HKG:1377, newest first.

Dtech's H1 Profit to Surge By Up to 338%; Shares Jump 13%

Guangdong Dtech Technology (SHE:301377, HKG:1377) expects its net profit attributable to the shareholders for the first half to surge by between 301% and 338% year on year to a range of 640 million yuan to 700 million yuan, according to a Hong Kong filing on Monday.The technology company's Shenzhen shares jumped 13% and Hong Kong shares rose 6% during Tuesday's afternoon trade.The company attributed the forecast to an increase in production and sales amid demand growth for printed circuit boards.

HKG:1377SHE:301377

Asia47d ago

Hong Kong Stocks Decline as Tech Volatility Persists; Seven Firms See Mixed Debuts

Hong Kong stocks closed lower Thursday as renewed tensions in the Middle East and another bout of volatility in regional technology shares weighed on investor sentiment.The Hang Seng Index fell 0.7%, or 169.28 points, to close at 24,030.18, while the Hang Seng China Enterprises Index dropped 1.1%, or 86.93 points, to finish at 7,997.29.Technology shares remained under pressure as the recent semiconductor-led rally faded, even as broader regional markets recovered from recent heavy losses.Meanwhile, U.S. President Donald Trump said on Wednesday the interim agreement with Iran to end the conflict was "over," although he later said he did not expect a return to full-scale war.Oil prices rose for a third straight session as Washington carried out another round of strikes against Iran.In corporate news, seven firms listed on the main board, marking one of the year's busiest days for debuts.Luxshare Precision Industry (HKG:2475, SHE:002475) ended the session nearly 2% lower at HK$62.30 versus its offer price of HK$63.28Chaozhou Three-Circle (HKG:6951, SHE:300408) closed nearly 5% higher at HK$105.00, compared with its offer price of HK$100.30.Rigol Technologies (HKG:0537, SHA:688337) ended the session over 37% lower at HK$28.80, versus its offer price of HK$45.98.DKE (HKG:1770) closed 2% higher at HK$80.00, compared with its offer price of HK$78.64.Guangdong Dtech Technology (SHE:301377, HKG:1377) ended the session 2% lower at HK$373.20, versus its offer price of HK$380.Jiangxi Qiyunshan Food (HKG:2797) advanced nearly 163% to close at HK$21, compared with its offer price of HK$8.Rokae (Shandong) Robotics (HKG:3752) ended the session 15% higher at HK$43.78, versus its offer price of HK$38.

Hang SengHKG:0537HKG:1377HKG:1770HKG:2475HKG:2797HKG:3752HKG:6951SHA:688337SHE:002475SHE:300408SHE:301377

Asia47d ago

Dtech Technology Slides 13% in Hong Kong Debut

Guangdong Dtech Technology (SHE:301377, HKG:1377) shares opened 13% below the offer price in a weak Hong Kong debut on Thursday morning.The drill bits supplier opened at HK$330 per share, compared with its listing price of HK$380 per share.

HKG:1377SHE:301377

Asia47d ago

Dtech Technology Nets HK$4.7 Billion in Hong Kong IPO

Guangdong Dtech Technology (SHE:301377, HKG:1377) raised HK$4.66 billion in net proceeds from its initial public offering in Hong Kong.The drill bits supplier priced its IPO at HK$380 per share, issuing 12.6 million shares, according to a Wednesday after-market filing with the Hong Kong Exchange.The Hong Kong public offering portion of the deal was 354.64 times subscribed, with 1.2 million shares allocated, while the international offering was 24.5 times subscribed, with roughly 10.5 million shares allocated.Cornerstone investors were allotted 5.23 million shares, representing 41.5% of the IPO shares.Dtech Technology is set to debut on the Hong Kong bourse today, July 9.

HKG:1377SHE:301377

Asia56d ago

Hong Kong Stocks Fall Amid Middle East Uncertainty; Nine Firms File for IPO

Hong Kong stocks closed lower Tuesday as uncertainty returned in the Middle East, raising bets for a U.S. rate hike.The Hang Seng Index fell by around 145.66 points, or roughly 0.6%, to end at 22,881.02, while the Hang Seng China Enterprises Index decreased by 47.04 points, or 0.6%, to end at 7,558.30.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.Investors are now eyeing progress in the possible U.S.-Iran talks and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.So far, traders are pricing in about a 64% probability of a September increase, Reuters reported, citing the CME FedWatch tool.In local development, the bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.In corporate news, nine firms filed to go public in Hong Kong in one of the busiest days for initial public offering filings.Among the companies looking to go public were Alibaba-backed Chaozhou Three-Circle (HKG:6951, SHE:300408), Befar Group (HKG:6745, SHA:601678), Nexchip Semiconductor (China) (HKG:2249), and Luxshare Precision Industry (SHE:002475, HKG:2475).Others included Jiangxi Qiyunshan Food (HKG:2797), Guangdong Dtech Technology (HKG:1377), and Rokae (Shandong) Robotics Group (HKG:3752).EKH (HKG:2523) and Rigol Technologies (HKG:0537, SHA:688337) are also among the firms looking to go public.

Hang SengHKG:0537HKG:1377HKG:2249HKG:2475HKG:2523HKG:2797HKG:3752HKG:6745HKG:6951SHA:601678SHA:688337SHE:002475SHE:300408

Asia56d ago

Dtech Technology Launches HK$4.8 Billion Hong Kong IPO

Guangdong Dtech Technology (HKG:1377) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$4.80 billion.The drill bits supplier is offering 12.6 million H-shares at an indicative price of up to HK$380 per share, according to a Hong Kong bourse filing.The deal comprises 1.3 million shares for Hong Kong investors and 11.4 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by July 7, with allocation results due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used to expand the company's production and pursue strategic acquisitions. They will also be used for investments in frontier technologies.The company secured 17 cornerstone investors who committed to purchasing up to $254 million worth of IPO shares.CLSA, HSBC, ABCI Securities, GF Securities, Huatai Financial, Guosen Securities, CMBC Securities, China Galaxy International, CMB International Capital and BOCI Asia are serving as the underwriters for the offering.

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