Movement Alert|BUSYMING Falls 3.15% in Regular Trading, Profit-Taking Pressure Persists After Sharp Rally

Market Focus08-05

On August 5, BUSYMING declined 3.15% in regular trading, trading at 361.2 HKD/share, with turnover of 4.1931 million HKD. The stock continued its pullback for a third consecutive session as short-term profit-taking pressure persisted.

The stock had previously rallied nearly 20% from its 335.6 HKD low, approaching the lower bound of Guosen Securities' fair value range. Guosen Securities initiated coverage on July 30 with an \"Outperform\" rating and a fair value estimate of 407.6-452.8 HKD, among the more conservative targets. Macquarie has a target price of 592 HKD, while Guotai Haitong targets 517 HKD. Trading volume has continued to shrink significantly, indicating weakening rebound momentum as the stock extends its correction.

(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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