South Korean Investors Heavily Buy INTO H Shares of Intercontinental Microelectronics Corporation, with Net Inflow Exceeding HK$340 million in First Two Weeks of Trading

August 10th. Shortly after its H-share listing, Intercontinental Sunrise Opto attracted significant attention from Korean investors, becoming the Hong Kong stock with the highest net buying amount from Korean funds in the past month.

According to SEIBro data from the Korea Securities Depository (KSD), from July 8th to August 7th, Korean investors bought Intercontinental Sunrise Opto's H-shares with a settlement amount of $45.067 million, sold with a settlement amount of $1.6729 million, resulting in a net buying amount of $43.3942 million, approximately 340 million Hong Kong dollars, ranking first in Korean investors' net buying of Hong Kong stocks during the same period.

Intercontinental Sunrise Opto's H-shares debuted on the Hong Kong Stock Exchange on July 30th. Within just 7 trading days, its net buying amount was nearly four times that of the second-place on the list during the same period, accounting for nearly half of the total net buying amount of Korean investors in the top ten Hong Kong stock targets.

During the same period, Korean investors' total net buying amount of the top ten Hong Kong stock targets was approximately $96.27 million, with companies such as Tianrui Automotive Interior, Huaxia CSI 300 Index ETF, Minth Group, and Luxshare Precision Industry's H-shares following closely.

However, on August 10th, Intercontinental Sunrise Opto's stock price experienced a pullback, with the H-shares falling by 6.94% to $103.3 Hong Kong dollars per share, and the A-shares falling by 6.01% to 864.58 yuan per share.

Market participants believe that Korean funds rapidly entering Intercontinental Sunrise Opto may be related to the rapid growth of AI data centers, increased demand for optical modules, and the company's position in the global computing power infrastructure supply chain.