On August 27, INGENIC rose 3.25% in regular trading, trading at 98.4 HKD/share, with turnover of HKD 17.49 million. The stock listed on the Hong Kong Stock Exchange on August 25 at an IPO price of 100 HKD per share, briefly falling to 97.1 HKD on its debut before closing flat at the offer price.
The rally is supported by multiple catalysts. The company is scheduled to release its interim results on August 28, with previously disclosed guidance projecting H1 net profit attributable to shareholders of RMB 1.079-1.282 billion, representing year-over-year growth of 431%-531%, driven by DRAM supply tightness lifting average selling prices and Flash product volume expansion in AI servers and optical module applications. The over-allotment (greenshoe) mechanism is also providing price stabilization support following initial post-IPO weakness.
The broader semiconductor sector rallied in tandem, with Montage Tech up 7.08% and Biren Tech up 6.71%, providing additional sector tailwinds for the newly listed chipmaker.
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