NASN TECH

Nasen Intelligent Technology opened its Hong Kong debut with a high open followed by a sharp intraday drop, hitting 17.50 HKD shortly after the morning session bell before plummeting to 16.00 HKD, a decline of 9.5%, with the latest trade at 16.00 HKD and turnover of approximately 1.71 million HKD. The company's Q1 revenue grew 55.51% YoY to 171.0 million HKD, but net loss widened 45.38% YoY to 62.2 million HKD, with EPS of -0.1158 HKD, while PB and PE stand at -7.41x and -40.34x respectively, underscoring fundamental pressure. The current price is 21.18% below the 52-week high of 20.30 HKD and only 3.23% above the 52-week low of 15.50 HKD, and also trades below the 20-day MA of 16.827 HKD by 4.92%, with YTD decline of 6.43%, though the debut attracted media attention reflecting market recognition of its by-wire chassis technology.

2261.HK opened at HK$17.25 in the morning session and quickly rose to HK$17.76 as of 9:30 BJ, up 3.86% from previous close of HK$17.10. The stock remains 10.3% below its 52-week high of HK$19.80 set on the listing date (Aug 6), but has reclaimed the 20-day moving average of HK$17.43. The company, a Chinese x-by-wire chassis leader, drew attention upon its HKEX debut, as covered by news highlighting its listing. However, trading was thin with only 1 trade of 23,900 shares. Current P/E of -45.64x and P/B of -8.38x reflect ongoing losses, while YTD gain of 3.86% suggests near-term buying interest.