On August 19, ILUVATAR COREX fell 5.6% in regular trading, trading at 402.2 HKD/share, with turnover of HKD 102 million. The stock extended its prior-session decline amid continued semiconductor sector weakness and ongoing market skepticism over the quality of its earnings turnaround.

The company previously issued a positive profit alert on August 13, forecasting first-half net profit of RMB 60 million to 140 million versus a net loss of RMB 609 million a year earlier. However, the turnaround was primarily attributed to fair value gains of approximately RMB 7.3-7.9 billion from unrealized appreciation of shares held in a Shanghai-listed company, while the core GPU business remained loss-making. The stock had surged over 10% on August 17 on expectations of Hang Seng Tech Index inclusion but subsequently faced consecutive sessions of profit-taking. Additionally, the company completed a roughly HKD 7 billion placement at approximately 15% discount in mid-July, with lock-up expiry pressure further weighing on valuations.

(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.)