On July 28, MOMENTA-W rose 3.1% in regular trading, trading at HKD 258.0/share, with turnover of HKD 933,000. The rebound follows consecutive sessions of pullback after the Shenzhen L4 Robotaxi road test permit catalyst was digested last week.

On the news front, Momenta's Robovan (unmanned logistics vehicle) business has officially landed in Suzhou Xiangcheng district, rapidly expanding into express delivery and nighttime delivery scenarios. The business had been operating in Suzhou for several months prior, and this official confirmation marks the company's extension of L4 commercialization from Robotaxi into unmanned freight, forming a multi-line deployment across passenger intelligent driving, ride-hailing, and unmanned logistics.

The stock previously surged over 10% intraday on July 21 following the Shenzhen road test permit announcement, but experienced sustained profit-taking pressure in subsequent sessions, declining 4.11% on July 27 to HKD 241.8. The Robovan launch provides a fresh catalyst. UBS recently initiated coverage with a Buy rating and a target price of HKD 360, citing expectations that annual installation volume could grow from 51,000 units in 2025 to 2.5 million units by 2028.

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