The Zhitong Finance App learned that Sanhuan Group (06951) rose nearly 5% at the end of the session. As of press release, it rose 3.84% to HK$97.25, with a turnover of HK$171 million.

According to the news, on October 14, Sanhuan Group announced its third share repurchase plan for the year. It plans to repurchase the company's shares for 250 million yuan to 500 million yuan. In addition to the previous 2 repurchases, the company's cumulative repurchase amount is expected to reach a maximum of about 2.4 billion yuan. On October 15, Sanhuan Group repurchased 130,600 A-shares for the first time, with a transaction amount of about 124.978 million yuan.

Dongwu Securities pointed out that considering that Sanhuan Group, as a leading domestic electronic ceramics leader, has vertical integration capabilities from ceramic powder to component manufacturing, and has strong competitiveness in the fields of MLCC, optical communication devices, and semiconductor packaging substrates. It is expected that it will benefit deeply from the high growth demand for AI computing power and automobiles, and has been covered for the first time to give it a “buy” rating.

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