On July 7, Estun Automation (02715.HK) rose 5.75% in regular trading, trading at HKD 23.9 per share, with turnover of HKD 162 million.
On the news front, the rebound follows the previous trading day's selloff where the stock dropped over 5% due to a large block sale of 346,800 shares at HKD 24.5 and profit-taking after a cumulative gain of nearly 46%. Selling pressure appears to have been absorbed, prompting capital to re-enter positions.
The company's planned all-cash acquisition of 100% equity in Estun Codroid, a subsidiary specializing in collaborative robots and embodied intelligent humanoid robots with 3-35kg payload products, continues to serve as a catalyst. Additionally, Morgan Stanley recently raised its humanoid robot shipment forecast to 50,000 units, nearly double its prior estimate of 28,000, while Tesla's Optimus Fremont production line annualized capacity target was lifted to approximately 70,000 units, reinforcing sector-wide optimism.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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