Movement Alert|MOMENTA-W Rises 3.06% in Regular Trading, Technical Rebound After Consecutive Declines Supported by UBS Buy Rating

Market Focus07-21

On July 21, MOMENTA-W rose 3.06% in regular trading, trading at 268.2 HKD/share, with turnover of HKD 4.80 million. The rebound follows multiple consecutive sessions of weakness since the stock broke below its IPO price of 295.6 HKD.

On the news front, UBS initiated coverage on July 17 with a Buy rating and a target price of 360 HKD, implying approximately 34% upside from the current level. UBS highlighted that Momenta covers the broadest range of OEMs in the industry and that its leading world model technology and first-mover scale advantage position it as the preferred partner for both Chinese and global automakers. The bank projects a revenue CAGR of approximately 50% from 2025 to 2030 and expects the company to reach breakeven by 2028. Annual installation volume is forecast to grow from 51,000 units in 2025 to 2.5 million units in 2028.

MOMENTA-W is a leading autonomous driving company, ranking first globally among all independent intelligent driving solution providers by city NOA deployment volume. The company is currently in the early stages of deploying L3/L4 autonomous driving solutions.

(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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