Movement Alert|SG Micro Falls 3.5% in Regular Trading, AH Premium Deviation Continues to Weigh on Valuation

Market Focus
Jun 30

On June 30, SG Micro (03661) fell 3.5% in regular trading, trading at 116.7 HKD/share, with turnover of HK$4.0172 million, extending the pullback trend from the previous session.

On the news front, the stock's AH premium deviation value remains under significant pressure. Data shows the deviation stands at -20.41%, ranking second among the bottom ten AH-listed stocks. This negative deviation indicates the current H-share premium rate is notably below its 30-day moving average, signaling short-term valuation pressure on the H-shares. Since surging 47.07% on its June 26 listing debut — when the company raised approximately HK$4.5 billion in net proceeds from its global offering of 54 million H-shares at HK$85.20 each — profit-taking combined with expectations of AH valuation convergence have continued to pressure the stock. Additionally, A-share main capital recorded a net outflow of RMB 56.60 million on June 26, reflecting cautious fund sentiment.

(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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