SEER TECH

Shanghai Xian Gong Intelligent Technology staged a 'rebound from intraday lows' today, bottoming at 77.100 HKD during the morning session—a new 52-week low—before rallying sharply in the afternoon to close at 81.100 HKD, down a marginal 0.25% from the prior close of 81.300 HKD. The move was driven by a tug-of-war between severe valuation pressure (P/B at 54.46x, P/E at -172.40x, reflecting persistent losses) and bargain-hunting at depressed levels. The stock is down 23.3% YTD, well below its 20-day moving average of 91.811 HKD, and 42.14% off its 52-week high of 140.5 HKD. However, afternoon volume surged to 30,700 shares, lifting the price nearly 5% off the day's low, suggesting tentative buying interest at these levels.

SAG Innovations opened at HK$82 and saw a volatile session, plunging to an intraday low of HK$77.35 in the morning before rebounding to HK$84.5 in the afternoon, ultimately closing at HK$81.4, down 1.9% from the previous close of HK$82.95. Total turnover was approximately HK$13.9 million, with a turnover rate of just 0.16%. The decline was pressured by persistent concerns over the upcoming lock-up expiry, with the stock having recorded multiple declines of over 5% in recent days amid lingering selling fears. At a price-to-book ratio of 54.46x and a market cap of HK$8.98 billion, the company continues to operate at a loss.

SAG-I Robotics (6106.HK) opened lower in the morning session and continued to decline, falling 5.4% to close at HK$76.6, approaching its 52-week low of HK$75.25, with turnover of approximately HK$4.49 million, driven primarily by market concerns over potential selling pressure after the lock-up expiration. The stock has collapsed 45.5% since its 52-week high of HK$140.5 on June 23, and trades well below the 20-day moving average of HK$93.14, indicating technical weakness. Recent news articles highlight fears of lock-up expiry, with reports of 5% drops on July 8 and July 3, fueling pessimistic sentiment. Despite the company's focus on AI and robotics software, the stock has been highly volatile since listing, with a YTD loss of 27.7%, a P/E ratio of -162.4, and a P/B of 51.3, underscoring valuation stress. However, today's volume of only 57,420 shares and a turnover rate of 0.05% suggest limited selling pressure, leaving the near-term trajectory dependent on the pace of lock-up expirations.

SAG-I Robotics declined 2.9% in the morning session, mainly driven by lingering concerns over lock-up expirations. The stock opened at HK$82.0, quickly dropped to an intraday low of HK$78.0, nearly 5% below the previous close of HK$82.0, before partially recovering to HK$79.55. Multiple recent news reports have highlighted lock-up expiry fears. Since listing, the stock has fallen 43.4% from its 52-week high of HK$140.5, with a YTD decline of 24.9%, and currently trades well below its 20-day moving average of HK$94.5. However, today's trading volume was only 41,250 shares, with a turnover rate of 0.04%, indicating selling pressure has not yet materialized significantly, suggesting the market may have partially priced in the concerns.

Sesrobotics opened 5.7% lower and continued to weaken in the morning session, hitting an intraday low of HK$78.95 before closing at HK$80.15, down 5.4%, primarily driven by market concerns over looming lock-up expirations. Multiple news reports highlighted the risk of selling pressure as the lock-up period nears its end. The stock has now fallen 43% from its 52-week high of HK$140.5 on June 23, and is only 6.5% above its 52-week low of HK$75.25, while trading well below its 20-day moving average of HK$95.81, indicating technical weakness. The company holds a market cap of approximately HK$8.85 billion, with a price-to-book ratio of 53.6x and negative earnings, reflecting ongoing losses. However, today's trading volume was only 51,700 shares, with a turnover rate of just 0.05%, suggesting limited selling pressure as the market may still be digesting post-IPO profit-taking.