On September 2, BIREN TECH fell 3.53% in regular trading, trading at HK$43.48/share, with turnover of HK$55.01 million. The stock extended its retreat for a second consecutive session following a sharp 18.81% rally on August 31, when the market first reacted to its H1 interim results.
The pullback is widely attributed to short-term profit-taking after consecutive gains. BIREN TECH disclosed H1 results on August 28 showing revenue of RMB 1.236 billion, up 1,997.6% year-over-year, with half-year revenue already surpassing full-year revenue for the prior fiscal year. Gross margin improved to 42.7%, up 10.8 percentage points, while net losses narrowed 76.4% to RMB 377 million. While fundamentals showed significant improvement driven by scaled delivery of its Bili series GPU products and internet customer breakthroughs, the stock had already priced in much of the upside during the prior surge. Separately, Morgan Stanley trimmed its stake from 5.05% to 4.75% on August 26.
Within the Semiconductors sector, the broader group traded lower. Among peers, SMIC fell 1.74%, HUA HONG GRACE fell 2.65%, GIGADEVICE fell 0.63%, MONTAGE TECH fell 2.43%, and ILUVATAR COREX fell 4.58%.
(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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