On June 29, Biren Technology rose 3.42% in regular trading, trading at 60.05 HKD/share, with turnover of 215 million HKD.

The semiconductor sector staged a broad-based rebound, with HUA HONG GRACE up 7.34%, GIGADEVICE up 7.85%, MONTAGE TECH up 6.67%, ILUVATAR COREX up 4.24%, and SMIC up 2.75%, reflecting significant sector-wide recovery momentum. Biren Technology had previously plunged over 16% in a single session on June 26, wiping out approximately 13.2 billion HKD in market capitalization, leaving the stock in technically oversold territory.

Providing additional valuation support, DBS recently issued its inaugural assessment of the company with a fair value of 80.74 HKD, implying approximately 35% upside from current levels. DBS projected revenue CAGR of 147% for fiscal years through 2028, significantly above the industry average of 72%, citing structural opportunities from expanding capital expenditure among Chinese cloud service providers as a key growth catalyst.

(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.)