HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rose nearly 5% in late trading. The company launched its third share buyback plan of the year, with a cumulative amount of up to approximately RMB 2.4 billion.

Chaozhou Three-Circle (Group) (06951) rose nearly 5% in late trading. As of press time, it was up 3.84% at HK$97.25, with a turnover of HK$171 million. On the news front, on October 14, Chaozhou Three-Circle (Group) announced its third share buyback plan of the year, proposing to repurchase company shares for RMB 250 million to RMB 500 million. Together with the previous two buybacks, the company's cumulative buyback amount is expected to reach up to approximately RMB 2.4 billion. On October 15, Chaozhou Three-Circle (Group) repurchased 130,600 A-shares for the first time, with a transaction amount of approximately RMB 12.4978 million. Soochow noted that, considering Chaozhou Three-Circle (Group)'s position as a leading domestic electronic ceramics company, with vertically integrated capabilities from ceramic powders to component manufacturing, and its strong competitiveness in MLCC, optical communication components, and semiconductor packaging substrates, it is expected to benefit deeply from high-growth demand such as AI computing power and automobiles. It initiated coverage with a "Buy" rating.