On September 25, BIREN TECH fell 3.92% in regular trading, trading at HK$37.52/share, with turnover of approximately HK$21.24 million. The stock extended its retreat for a third consecutive session following a sharp rally earlier in the week, during which it surged over 12% on September 21 and gained another 4% on September 22, accumulating significant short-term gains that intensified profit-taking pressure.
The broader semiconductor sector continued to weaken, compounding selling pressure. Among sector peers, ILUVATAR COREX fell 5.02%, INNOSCIENCE declined 3.07%, SMIC dropped 2.27%, and HUA HONG GRACE lost 1.90%, reflecting widespread risk-off sentiment across the chip space. Leverage funds have been rapidly exiting the technology sector, with the semiconductor segment alone seeing net margin financing outflows of RMB 77.85 billion over recent weeks, further dampening near-term sentiment.
On the fundamental side, the company reported first-half revenue of RMB 1.236 billion, representing a year-over-year surge of 1,997.6%, with gross margin improving to 42.7%. Adjusted net losses narrowed 38.9% year-over-year. Daiwa recently raised its target price to HK$130 from HK$100, reaffirming a Buy rating, while lifting revenue forecasts for the coming years by 94% and 58% respectively to reflect improving earnings visibility and the upcoming BR20x flagship chip launch.
(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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