Movement Alert｜Haizhi Technology Group Falls 5.28% in Regular Trading, Investment Bank Buy Initiation Fails to Reverse Downtrend

Market Focus05-29

On May 29, Haizhi Technology Group fell 5.28% in regular trading, trading at 58.2 HKD/share, with trading volume of approximately 30.92 million HKD.

On the news front, BOCI initiated coverage on May 28 with a Buy rating and a target price of 80.81 HKD, highlighting the company as a leader in China's AI application space. BOCI projected 34% revenue CAGR and 84% adjusted net profit CAGR for 2025-2028, driven by the rapid adoption of AI Agent products and a solid client base among state-owned enterprises and government entities. However, the market did not respond positively, and the stock extended its ongoing correction.

Since listing at 27.06 HKD in February and surging to a peak of 161.6 HKD within days, Haizhi Technology has entered a prolonged downtrend, now more than 60% below its historical high. A recent inclusion into the Hang Seng Composite Index similarly failed to provide support, with limited profit-taking capacity in the market and many investors who chased higher prices remaining underwater.

(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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