On August 26, ILUVATAR COREX fell 3.73% in regular trading, trading at HK$359.4/share, with turnover of HK$93.86 million. The stock notably underperformed its sector peers, with HUA HONG GRACE up 3.99%, SMIC up 1.62%, and BIREN TECH up 2.75%.

On the news front, the company is scheduled to release its quarterly earnings on August 28, and market participants have adopted a cautious stance on its profit recovery trajectory. While the company previously issued a positive profit alert projecting H1 net profit of RMB 60 million to RMB 140 million versus a loss of RMB 609 million a year earlier, the turnaround was primarily attributed to unrealized fair value gains of approximately RMB 730 million to RMB 790 million from equity investments in an A-share listed company, leaving core operating profitability unverified.

Additionally, the company was confirmed on August 24 as being included in the Hang Seng Tech Index effective September 7, becoming the first and only GPU constituent. However, with the positive catalyst now largely priced in following prior sessions of rally, short-term profit-taking pressure has intensified.

(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.)