Alpha Group Hits Day Low of CNY 9.24 Amid Price Pressure

Alpha Group (China), a mid-cap player in the Media & Entertainment sector, has experienced a notable decline today, with its stock price dropping by 5.12%. The stock reached an intraday low of CNY 9.24, reflecting ongoing challenges within the company. Over the past week, Alpha Group's performance has been down by 1.91%, contrasting with a slight gain of 0.41% in the China Shanghai Composite. The company's one-month performance shows a more significant decline of 10.1%, while its year-to-date performance stands at a modest 4.63%, outperforming the broader market index, which has gained 2.85% in the same period. Despite a strong three-year performance of 70.53% and a five-year increase of 78.76%, Alpha Group has faced difficulties in profitability, as indicated by a low Return on Capital Employed (ROCE) of 0.70%. Additionally, the company has reported negative net profit figures, with a significant decline in operating profit over the last five years. These factors contribute to a challenging market position for Alpha Group as it navigates its current financial landscape.