On July 9, Laifual Drive fell 5.47% in regular trading, trading at 100.3 HKD/share, with turnover of 12.42 million HKD. The stock extended its retreat from the previous session's decline, pulling back from its post-listing high of 119.6 HKD reached on July 7.
The correction comes after the stock accumulated nearly 70% gains over three consecutive trading days driven by Unitree Robotics' STAR Market IPO registration becoming effective, which systematically lifted valuations across upstream robotics supply chain components including harmonic reducers. With short-term gains substantial and the prior catalyst fully priced in, profit-taking pressure has intensified over two consecutive sessions.
Laifual Drive listed on the HKEX on June 30 under Chapter 18C. By shipment volume, the company ranks second among China's robot harmonic reducer providers with 21.4% market share, and is one of only two domestic manufacturers that have achieved mass production and delivery of harmonic reducers for humanoid robots.
(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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