HK Stock Market Move | ILUVATAR COREX (09903) rose more than 8%, expected to enter the Hong Kong stock connect next month. Institutions believe its current stock price is undervalued.

ILUVATAR COREX (09903) surged more than 8%, and at the time of writing, it had risen by 8.62% to HKD 529, with a trading volume of HKD 4.12 billion. On the news front, on May 22, the Hang Seng Index Series Quarterly Review results were announced, with ILUVATAR COREX being included in the Hang Seng Composite Index constituents, with the changes set to take effect from June 8, 2026. HAITONG INT'L believes that as a pioneer in the Chinese dual-line GPU field, ILUVATAR COREX's DeepSpark ecosystem demonstrates core competitiveness, and its current stock price is significantly discounted relative to its potential valuation. The company will join the Hong Kong stock connect on June 8, serving as a catalyst for short-term revaluation. As a scarce domestic GPU Hong Kong stock focus, investors can bet on Chinese AI computing without facing a premium in the A-share market. The current price of the stock is equivalent to a forecasted P/S ratio of 20 times next year, lower than the average of A-share counterparts (such as Cambricon, Moore Threads), which is around 56 times.