On July 20, MOMENTA-W fell 4.57% in regular trading, trading at 249.0 HKD/share, with turnover of HKD 2.5626 million. The stock has now declined approximately 16.4% from its IPO price of 295.6 HKD.

The decline reflects a sustained post-listing selloff since the company debuted on the Hong Kong Stock Exchange on July 8. MOMENTA-W opened higher on its first day of trading, briefly touching 314.8 HKD, but reversed course and broke below its issue price by the fourth trading day. Despite UBS initiating coverage on July 17 with a Buy rating and a 360 HKD target price — citing Momenta as the top beneficiary of L2+ ADAS adoption trends with projected annual installations growing from 51,000 units in 2025 to 2.5 million by 2028 — the bullish call has failed to stem selling pressure.

MOMENTA-W is a leading autonomous driving company, ranking first among independent intelligent driving solution providers globally by 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.)