Movement Alert｜BIREN TECH Rises 3.16% in Regular Trading, Multiple Buy Ratings and Denial of Placement Rumor Boost Sentiment

Market Focus09-21

On September 21, BIREN TECH rose 3.16% in regular trading, trading at HK$39.1/share with turnover of HK$123 million, extending the prior session's strong momentum.

On the news front, multiple institutions have recently issued bullish coverage on the company. Goldman Sachs maintained a \"Buy\" rating with a target price of HK$80.5, while Daiwa reiterated its \"Buy\" rating citing positive progress on the next-generation flagship BR20x chip, which is in its final tuning, debugging, and verification stage. Guojin Securities initiated coverage with a \"Buy\" rating, noting the company is transitioning from product validation to scaled commercialization. Meanwhile, the company officially denied market rumors of a US$1 billion share placement, alleviating dilution concerns that had previously weighed on investor sentiment.

Fundamentally, BIREN TECH reported H1 revenue of RMB 1.236 billion, surging 1,997.6% year-over-year, with gross margin rising to 42.7% and adjusted net loss narrowing 38.9%. Inventory and prepayments totaled RMB 2.75 billion, signaling secured supply chain capacity for upcoming product ramps.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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