Movement Alert|Manycore Tech Rises 5.83% in Regular Trading, Application Software Sector Rally Combines with Recent Multiple Catalysts

Market Focus06-01

On June 1, Manycore Tech rose 5.83% in regular trading, trading at HK$19.73 per share, with trading volume of approximately HK$32.82 million, extending its recent volatile uptrend.

The rally was primarily driven by a broad-based surge in the Application Software sector, with Kingdee International up 19.26%, Marketingforce up 14.79%, and SenseTime up 7.83%, signaling strong momentum in the technology growth theme. Sector-wide strength resonated with multiple recent company-level catalysts for Manycore Tech, including the completion of national generative AI service filing for its spatial intelligence large model, the open-sourcing of its 3D Gaussian viewer Aholo Viewer capable of rendering city-scale scenes with over 1 billion Gaussian points, and a strategic partnership with Insta360 on next-generation spatial reconstruction solutions. Additionally, Guotai Haitong Securities initiated coverage with an Overweight rating and a target price of HK$24.90, citing the companys spatial intelligence flywheel spanning editing tools, spatial data, and large models.

(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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