On July 23, MOMENTA-W declined 3.09% in regular trading, trading at 276.0 HKD/share, with turnover of HKD 14.44 million.
On the news front, the stock had surged over 10% intraday on July 21 following the announcement that Momenta Robotaxi officially obtained Shenzhen intelligent connected vehicle road testing permits to conduct L4-level Robotaxi field testing. After two trading sessions, the positive catalyst has been largely priced in, and profit-taking pressure has become apparent. Additionally, UBS initiated coverage on July 17 with a Buy rating and a target price of HKD 360, citing expectations that annual installations could grow from 51,000 units to 2.5 million units by 2028, though this has not prevented the near-term pullback.
MOMENTA-W is a leading autonomous driving company, ranking first among all independent intelligent driving solution providers globally in city NOA installation volume. The company is currently in the early stages of deploying L3/L4 autonomous driving solutions.
(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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