Movement Alert｜Biren Technology Rises 3.81% in Regular Trading, Index Inclusion Imminent as Multiple Buy Ratings Sustain Momentum

Market Focus06-03

On June 3, Biren Technology rose 3.81% in regular trading, trading at HK$63.95/share, with trading volume of HK$171 million. The stock rebounded from the prior session's pullback, supported by multiple catalysts converging ahead of a key index event.

On the news front, Biren Technology's inclusion in the Hang Seng Composite Index is set to take effect on June 8, with the market widely expecting simultaneous addition to the Stock Connect eligible pool, opening a potential channel for southbound capital inflows. Meanwhile, Goldman Sachs recently raised its target price to HK$70.7 while maintaining a buy rating. Daiwa Securities initiated coverage with a buy rating and HK$100 target price, while CLSA maintained an Outperform rating with a target of HK$67.4, citing China's computing power shortage expected to persist through at least 2027.

The semiconductor sector broadly strengthened, with SMIC up 3.66%, Hua Hong Semi up 4.94%, Montage Technology up 9.78%, GigaDevice up 5.98%, and Innoscience up 11.05%, providing sector-wide tailwinds.

(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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