SEER TECH

Shanghai Seer (6106.HK) opened strong in the morning session, hitting 70.85 HKD before a sharp decline to 67.35 HKD, closing at 69.00 HKD down 4.43%. The stock remains 50.89% below its 52-week high of 140.5 HKD and trades below the MA60 (71.9 HKD). Despite a positive first-half 2026 earnings report showing revenue surged 67.5% to RMB 264.4 million and net loss narrowed 25.1% to RMB 37.9 million, the initial euphoria from Unitree's IPO approval faded, refocusing attention on the company's ongoing net loss and lofty valuation at a PB of 6.51x.

Shanghai Seer gapped up and climbed intraday, closing 5.16% higher at HK$71.25 with a daily range of 6.79%, driven by a rebound in robotics sentiment and earnings optimism. The stock first dipped to HK$66.60 in the morning session before recovering, then accelerated to HK$71.10 in the afternoon and finished near the day's high. The company last week reported FY26 H1 revenue surged 67.5% to RMB 264.4 million while net loss narrowed 25.1% to RMB 37.9 million, signaling improving fundamentals. Despite being 49.29% below its 52-week high of HK$140.5, the stock has broken above its 20-day MA of HK$58.50 and is approaching the 60-day MA of HK$71.96, though it remains down 32.78% YTD. Still, the company is loss-making with a P/E of -198.97x, leaving valuation concerns unresolved.

Shanghai Seer (6106.HK) surged in the afternoon session, closing at HK$66.50, up 5.14% from the previous close of HK$63.25. The stock initially touched an intraday low of HK$62.55 in the morning before reversing higher and hitting a high of HK$66.50 in the afternoon. The rally was fueled by continued momentum from Unitree's IPO approval and Tesla's expansion plans, following a 16.02% gain on its debut day. The company reported strong revenue growth and a narrowed first-half loss, yet the stock remains 52.67% below its 52-week high of HK$140.5 and is down 37.26% YTD. It has just bounced above its MA20 (HK$57.99) but still trades below the MA60 (HK$71.94), with a PB of 44.55x and negative PE. However, the stock had fallen over 15% in a single day after the stabilization period ended, highlighting lingering volatility.

6106.HK opened low and rallied in the morning session, closing at HKD 66.80, up 3.33% from the previous close of HKD 64.65, driven by the company's strong revenue surge and narrowed loss forecast for the first half of 2026 released last week. The stock surged from its intraday low of HKD 64.65 to a high of HKD 67.75 before pulling back slightly, with a range of 4.8%. With a PB of 44.75x and negative PE, the company remains unprofitable; the current price is 52.5% below its 52-week high of HKD 140.5, yet above the 20-day MA of HKD 58.89, while YTD loss stands at 37%. However, peer stocks like Symbotic Intelligence fell today, indicating mixed sentiment in the Hong Kong robotics sector.

Seer Intelligent Technology rallied sharply today, closing up 8.0% at HK$63.35 after a low open, driven by a strong first-half revenue surge and narrower loss forecast, alongside renewed sector interest in robotics. The stock traced a clear intraday V-shape, rising from a morning session low of HK$57.00 to an afternoon peak of HK$63.45, ending near the high of the day with turnover of approximately HK$5.62 million and a low turnover rate of 0.09%. Despite the day's gain, the stock remains 54.9% below its 52-week high of HK$140.50, though it has rebounded 52.3% from the 52-week low of HK$41.60 and now sits above its 20-day moving average of HK$59.42, while still trading below the 60-day MA of HK$72.78 and at a lofty price-to-book ratio of 42.44x.