NASN TECH

Nasen Technology rose 5.3% to HK$15.70 in Hong Kong morning trading, driven by a technical rebound after sustained declines and anticipation of upcoming interim results. The stock opened low at HK$14.90, rallied to an intraday high of HK$15.70, with a 5.3% range but thin turnover of just HK$1.72 million and a turnover rate of 0.02%. Q1 revenue jumped 55.5% YoY to HK$171 million, yet net loss widened 45.4% to HK$62.2 million, with EPS at -HK$0.1158, indicating limited fundamental improvement. The current price sits 22.66% below its 52-week high of HK$20.30 and below both the 20-day and 60-day moving averages, placing it at a low valuation zone. However, the stock fell 7.77% last week and has seen frequent intraday reversals since its IPO, raising doubts about the rally's sustainability.

Nasen Technology fell 5.26% to HKD 14.40 in morning trading, closing at its intraday low after opening at HKD 15.10, driven by persistent negative news and expanding losses in its Q1 2026 results. Revenue surged 55.51% YoY to HKD 170.99 million, but net loss deepened 45.38% to HKD 62.22 million, with EPS of -HKD 0.1158, underscoring continued bottom-line erosion. The stock is now 29.06% below its 52-week high of HKD 20.30 and trades below its 20-day moving average of HKD 15.85, though it remains 5.88% above the 52-week low of HKD 13.60, hinting at some support near that level.

2261.HK opened sharply lower and continued to decline in the morning session, dropping from a start of HKD 14.600 to an intraday low of HKD 13.640, marking a 6.6% fall and a new all-time low. The selloff was driven by persistent negative sentiment after the stock experienced multiple daily swings of over 5% since its IPO. While Q1 2026 revenue surged 55.51% YoY to HKD 171.0 million, net loss widened 45.38% to HKD 62.2 million, with EPS at -HKD 0.1158, highlighting a profit-less growth pattern. The stock trades at a P/B of -6.51x and P/E of -35.46x, with a market cap of roughly HKD 8.2 billion. Nonetheless, the company's robust revenue growth, which is driven by its x-by-wire braking solutions, provides a degree of fundamental support.

2261.HK slumped sharply in the afternoon, closing down 6.03% at HKD 14.80, a new post-IPO low, mainly pressured by a lack of sustained upward momentum post-listing and a widening net loss in the latest earnings report. The stock initially rallied to an intraday high of HKD 15.57 in the morning before retreating, then accelerated its decline in the afternoon session, hitting an intraday low of HKD 14.80 at 13:49 BJ and finishing at the day's trough. Q1 2026 revenue jumped 55.51% YoY to HKD 171 million, but net loss widened 45.38% YoY to HKD 62.2 million, with EPS at -HKD 0.1158, reflecting significant cost pressure. The stock now trades below its 20-day MA (HKD 16.20), with an YTD decline of 13.45% and a 27.09% drop from its 52-week high of HKD 20.30, deep in the weak zone since listing. Meanwhile, the company has scheduled a board meeting to review interim results, which could serve as a near-term catalyst.

Nasen Intelligent Technology saw a surge-and-retreat session today, rising to an intraday high of HKD 16.40 in the morning session before declining steadily to a low of HKD 15.60 in the afternoon, closing down 5.34% at HKD 15.60 on volume of 253,500 shares and turnover of HKD 4.03 million. Revenue for Q1 2026 surged 55.51% YoY to HKD 171 million, but net loss widened 45.38% YoY to HKD 62.2 million, overshadowing the top-line growth. The stock now trades below its 20-day moving average of HKD 16.354, 23.15% off its 52-week high of HKD 20.30, and is down 8.77% year-to-date. Several news articles noted the stock's post-IPO volatility, with early gains fading as afternoon selling pressure intensified. While the company remains a niche player in the x-by-wire braking solutions space for new energy vehicles, the earnings loss and technical weakness keep sentiment cautious.