Movement Alert|DeeperTech Falls 5.46% in Regular Trading, Placement Overhang Persists Amid Broad AI Sector Retreat

Market Focus06-24

On June 24, DeeperTech (01384.HK) fell 5.46% in regular trading, trading at 42.72 HKD/share, with turnover of approximately 92.93 million HKD.

The decline extended the previous session's losses, driven by persistent selling pressure from placement shares and a broad AI sector correction. The current share price represents a discount of over 15% to the 50.58 HKD placement price, with market concerns over the rapid post-IPO placement continuing to suppress valuation recovery. Earlier positive catalysts, including inclusion in the HKEX Tech 100 Index and a broker initiation with a Buy rating and 75.1 HKD target price, have notably faded.

Within the Systems Software sector, peers experienced similar weakness: MINIMAX fell 6.41%, Extreme Vision dropped 4.0%, and OneForce Holdings declined 4.32%, reflecting broad systemic pressure across the AI segment that amplified individual stock adjustments.

(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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