DEEPEXI TECH

Deepexi Technology opened higher and rallied in the morning session, reaching HKD 38.12 by 9:35 BJ time, up 4.84%, driven by the company's announcement of placing 14,286,000 new H shares at HKD 35 each to raise approximately HKD 500 million. The stock saw a volatile session, climbing nearly 3.6% from its intraday low of HKD 36.78, with turnover exceeding HKD 26 million. Fundamentally, the company reported H1 2026 revenue growth of over 120% YoY and a sharp narrowing of net loss by about 89%. However, the current price remains 70% below its 52-week high of HKD 128.2, and has rebounded about 35% from the 52-week low of HKD 28.28, trading between its 20-day (HKD 34.62) and 60-day (HKD 43.25) moving averages. The price-to-book ratio stands at 9.72x, though the company remains unprofitable with a negative P/E ratio.

Deepexi Technology rose during the afternoon session before pulling back, closing at HKD 36.36, up 1.73%, driven by the pre-market release of Q2 results showing revenue surging 126.68% YoY to HKD 163.88 million and net loss narrowing 89.08% to HKD 18.42 million, along with continued positive sentiment from the reported 209% jump in H1 AI revenue. The stock hit an intraday high of HKD 38.00 before meeting resistance near the MA60 (HKD 43.678), while still trading 71.64% below its 52-week high of HKD 128.2 and down 44.83% YTD, indicating lingering long-term headwinds.

Dipu Technology opened sharply higher but reversed to close at HKD 34.70, down 5.24% from the previous close of HKD 36.62, as profit-taking kicked in after H1 revenue surged 126.68% YoY to HKD 163.9 million and AI revenue tripled. Despite a net loss of HKD 18.4 million in Q2, the loss narrowed 89.08% YoY, and the net profit margin remained flat at -11.24%, signaling improving fundamentals. The stock, now trading at HKD 34.70, is down 47.34% YTD and 72.93% from its 52-week high of HKD 128.2, yet sits above the 20-day MA (HKD 34.608) but below the 60-day MA (HKD 44.536), indicating a tentative recovery. However, the PB of 8.84x suggests lingering valuation concerns.

Dipu Technology (1384.HK) staged a rally-and-retreat session on August 7, surging to an intraday high of HK$38.76 in the morning before retreating to close at HK$36.60, up 1.61% from the previous close of HK$36.02. The catalyst was the upbeat H1 2026 earnings guidance released after Tuesday's close: revenue surged 101%-120% YoY to HK$265.7M-HK$290.7M, AI revenue soared 209%, and Q2 sequentially turned profitable with net loss narrowing 89.08% YoY to HK$18.4M. However, the stock remains 71.45% below its 52-week high of HK$128.2 and trades below the 60-day MA of HK$45.11, while the YTD decline of 44.46% underscores lingering concerns over sustained profitability.

Dipu Technology surged then plunged, hitting an intraday high of HK$38.40 in the morning before reversing sharply in the afternoon session to close at HK$35.94, down 5.07%, erasing gains driven by news of a 209% surge in AI revenue and Q2 profitability. The stock exhibited a 6.48% intraday range, with the day's low matching the closing price, indicating concentrated selling pressure late in the session. Despite H1 operating revenue surging 126.68% YoY to HK$163.9 million and net loss narrowing 89.08%, the stock remains 71.97% below its 52-week high of HK$128.2 and well below the MA60 (HK$45.672), although it has reclaimed the MA20 (HK$34.356). Shares are down 45.46% year-to-date.