On August 25, JIAXIN INTL RES fell 5.1% in regular trading, trading at HK$65.8/share, with turnover of HK$51.46 million.
The decline followed the company's interim results released on August 24, which showed revenue of HK$2.703 billion (up 2,039.9% YoY) and net profit attributable to equity holders of HK$1.538 billion, representing a turnaround from a loss in the prior year period. The company also declared an interim dividend of HK$1.87 per share. However, the results landed squarely within the previously guided range of HK$1.45 billion to HK$1.55 billion, failing to deliver an upside surprise.
Notably, the stock had surged 11.32% on August 21 ahead of the results announcement, suggesting the positive earnings had been largely priced in. The current pullback reflects a classic sell-the-news reaction as investors lock in gains following the pre-earnings rally.
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