Movement Alert|YOFC Falls 3.27% in Regular Trading, Harvest International Sharply Reduces Stake amid Profit-Taking Pressure

Market Focus
13 hours ago

On September 24, YOFC fell 3.27% in regular trading, trading at 188.3 HKD/share, with turnover of HKD 324 million. The stock opened lower and extended its decline during the session, retreating from a recent multi-day rally.

On the news front, Harvest International Capital Management Limited on September 22 significantly reduced its H-share holdings via on-market transactions, cutting its long position from 27 million shares (6.4%) to 20.542 million shares (4.87%), representing a disposal of approximately 6.458 million shares. The substantial sell-down came after YOFC surged over 7% on September 22 and nearly 5% intraday on September 23, building up considerable short-term profit-taking pressure.

Meanwhile, the company is scheduled to hold its semi-annual results briefing this afternoon, and the market appeared to adopt a cautious stance ahead of the event. Notably, E Fund Management purchased 162,500 H-shares on September 17 at an average price of approximately HKD 187.53 per share, lifting its stake to 5.02%, while BlackRock also raised its H-share stake to 6.2%, providing partial offsetting support from long-term institutional buyers.

(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.)

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