On August 18, ILUVATAR COREX declined 3.55% in regular trading, trading at 435.4 HKD/share, with turnover of HKD 122 million. The stock faced evident selling pressure in early trading following a surge of over 10% in the previous session driven by expectations of Hang Seng Tech Index inclusion.

On the news front, the company's positive profit alert issued on August 13 continues to spark market debate. The alert projected first-half net profit of approximately RMB 60 million to RMB 140 million, representing a turnaround from a net loss of RMB 609 million in the year-ago period. However, the turnaround was primarily attributable to fair value gains of RMB 730 million to RMB 790 million from financial assets — specifically unrealized gains from shareholdings in a Shanghai-listed company — while core operations remained loss-making.

Additionally, the company completed a roughly HKD 7 billion placement at approximately 15% discount in mid-July, with cornerstone investor lock-up expiry adding further valuation pressure. The combination of profit-taking momentum and concerns over earnings sustainability weighed on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)