On June 16, Estun Automation (02715.HK) rose 5.34% in regular trading, trading at HKD 19.19/share, with turnover of approximately HKD 79.98 million. The stock extended its recovery trajectory following a sharp pullback from recent highs.
The rebound comes as the stock recovers from a correction exceeding 20% triggered by profit-taking after its A-share counterpart hit two consecutive daily limit-up moves, which had driven the Hong Kong-listed shares up over 25% cumulatively. With clear oversold recovery demand, the stock rebounded over 5% in the prior session and continues that upward momentum today.
On the fundamental side, the company reported Q1 net profit growth of 674.64% year-over-year, while its industrial robot market share further expanded to maintain the top position in China by shipment volume. Additionally, the company recently signed an embodied intelligence joint technology research agreement with the Chinese Academy of Sciences Industrial AI Research Institute, focusing on unstructured-scenario embodied intelligence and AI-powered welding applications, providing sustained valuation support.
(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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