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.

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