HK Stock Market Move | LEOCH INT'L (00842) rebounds nearly 7% with the executive director and chairman continuously increasing their holdings for three consecutive days, with a total investment amounting to over 86.73 million Hong Kong dollars.

LEOCH INT'L (00842) rebounded nearly 7%, as of the close, up 6.9% at 2.17 Hong Kong dollars, with a turnover of 11.09 million Hong Kong dollars. On the news front, according to data from the Hong Kong Stock Exchange, on July 18, CEO Wu Kouyue increased his holdings of LEOCH INT'L by 100,000 shares, totaling approximately 175,000 Hong Kong dollars. The latest shareholding ratio after the increase is 0.1%; on the same day, Executive Director and Chairman Dong Li increased his holdings of LEOCH INT'L by 14.3 million shares, totaling approximately 27.0941 million Hong Kong dollars. On July 21, Dong Li increased his holdings of LEOCH INT'L by 20 million shares, totaling 39.74 million Hong Kong dollars; on July 22, Dong Li increased his holdings of LEOCH INT'L by 10 million shares, totaling 19.902 million Hong Kong dollars. After three increases, Dong Li's latest shareholding ratio is 74.21%. In addition, LEOCH INT'L released a performance forecast, expecting the group's expected income in the first half of the year to increase by about 10% to 20% compared to the same period last year, but the attributable net profit to the parent company's owners is expected to decrease by about 60% to 80% compared to the same period last year. This is mainly due to the additional import tariffs imposed by the US government globally in the second quarter, resulting in a significant increase in related costs for the group's partially taxed delivery products. However, based on the group's market strategy considerations, the price increase for these products is planned to be delayed until the end of 2025; and due to supply chain and construction progress issues, the start of operations at the Mexican factory is postponed from the second quarter to the fourth quarter of 2025.