On August 4, BUSYMING declined 3.58% in regular trading, trading at 369.8 HKD/share, with turnover of 9.9778 million HKD. The stock extended its pullback as profit-taking continued following a nearly 20% rebound from the 335.6 HKD low.
The decline comes as the stock approached the lower bound of the fair value range set by Guosen Securities, which initiated coverage on July 30 with an \"Outperform\" rating and a target range of 407.6-452.8 HKD — the most conservative among recent institutional targets. Macquarie maintains an \"Outperform\" rating with a 592 HKD target, while Guotai Haitong has set a 517 HKD target. Trading volume has continued to shrink, signaling weakening rebound momentum and sustained short-term selling pressure from investors locking in gains accumulated during the prior rally.
(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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