Movement Alert|SENSETIME-W Falls 3.3% in Regular Trading, Sector Weakens Ahead of Mid-Term Results on August 26

Market Focus08-24 15:26

On August 24, SENSETIME-W fell 3.3% in regular trading, trading at HK$1.475/share, with turnover of HK$999 million. The decline came as the broader application software sector weakened ahead of the company's scheduled mid-term results announcement on August 26, with market participants adopting a wait-and-see stance before the official disclosure.

AI-related stocks were broadly under pressure, with HORIZONROBOT-W down 4.53%, Phancy down 5.38%, and MarketingForce down 3.48%. The company had previously surged nearly 9% after issuing its first-ever positive profit alert since listing, forecasting H1 net profit of RMB 500-700 million versus a loss of RMB 1.49 billion a year earlier. Following that rally, the stock had experienced consecutive sessions of consolidation. Goldman Sachs raised its target price to HK$2.05 on August 18 but maintained a Neutral rating, which has placed some constraint on near-term sentiment amid short-term profit-taking pressure.

(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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