CAMSENSE

Camsense (6802.HK) spiked and faded but still closed up about 2.9% at HK$89.55 against a HK$87.00 prior close, as physical-AI names rallied through the afternoon session on Shanghai's push for next-generation intelligent manufacturing and firmer global humanoid-robot sentiment; the stock reached HK$93.40 at 14:45 BJ, more than 7% above the prior close, before easing to HK$89.45 at the 16:00 close on HK$26.0 million turnover and a thin 0.30% turnover rate. Fundamentals gave some backing: Q1 2026 revenue rose 57.66% year on year to HK$222.7 million and net profit swung to HK$8.8 million from a HK$7.1 million loss, lifting net margin to 3.96%. Yet the price sits below its MA20 of HK$96.31 and MA60 of HK$103.15, 58.39% below the 52-week high of HK$215.2 with a matching 58.39% YTD decline, at roughly 417x PE and 22.3x PB. A fully exercised over-allotment added 1.7383 million new H shares, while the near-HK$4 pullback from the intraday peak points to fading chase demand.

Camsense opened flat at HK$87.90 and was pulled up 9.16% to HK$95.95 within the first five minutes of the morning session, as Hong Kong-listed physical-AI names rallied broadly and the company confirmed full exercise of its over-allotment option, adding 1.74 million H-shares for roughly HK$100 million, alongside Stock Connect inclusion expectations. Fundamentals offer support: Q1 2026 revenue reached HK$222.7 million, up 57.66% year on year, while net profit of HK$8.82 million reversed a HK$7.15 million loss a year earlier and lifted net margin to 3.96% from -5.06%, with EPS at HK$0.1023. The price still sits below the common MA20 and MA60 level of HK$106.1, 55.41% under its 52-week high of HK$215.2 and down 55.41% year to date, at a PE of 446.95x. Though turnover was only 500 shares worth HK$47,975 with a turnover rate near zero, making the move a thin signal.

Camsense (6802.HK) opened at HK$99.65 and slid through the session to close at HK$87.90, down 8.72% from HK$96.30, with an intraday low of HK$87.05 on just 24,700 shares worth about HK$2.29 million. The full exercise of the over-allotment option, adding 1.74 million H shares and raising roughly HK$100 million, coincided with the end of the stabilization period without any open-market purchases, and that supply overhang deflated the two prior 15%-plus spikes tied to physical-AI sentiment and Stock Connect inclusion hopes. Fundamentals cut the other way: Q1 2026 revenue rose 57.66% year on year to HK$222.7 million, net profit turned to HK$8.82 million from a HK$7.15 million loss, a 3.96% net margin, against a 402x PE and 21.5x PB. The stock sits 59.15% below its HK$215.2 high of 29 September and under the HK$106.66 20- and 60-day averages, though it remains 23.46% above the HK$71.2 low of 21 October.

Physical-AI and humanoid-robot names rallied broadly, lifting Huanchuang Technology (6802.HK) 15.3% to HK$96.30 in a low-open, high-close session; after starting flat at HK$83.50, the stock touched HK$95.00 at 10:17 BJ, hit an intraday high of HK$98.45 at 13:21 BJ and settled at HK$96.30 on HK$7.87m turnover. Sector peers ONEROBOTICS rose nearly 15% and CAMSENSE gained over 12%, while the company fully exercised its overallotment option, issuing an extra 1.74m H shares for about HK$100m, with Stock Connect inclusion expectations adding to volume. Fundamentals moved in step: Q1 2026 revenue reached HK$222.7m, up 57.66% yoy, and net profit of HK$8.82m reversed a HK$7.15m loss a year earlier, with EPS of HK$0.1023. Still, the shares trade below both the 20-day and 60-day moving average of HK$107.77 and remain 55.25% below the 29 September high of HK$215.20, with a PE of 440.65x.

Camsense (6802.HK) closed at HK$83.50, down about 1.1% from the prior close of HK$84.45, in a spike-and-fade session: after opening at HK$84.45 it touched HK$87.00 in the morning and HK$89.00 at 13:51 BJ, then gave back the entire gain. CICC's Stock Connect preview flagged CAMSENSE as a likely inclusion, and that expectation lifted the shares for two sessions, but post-IPO selling and a tech retreat driven by hawkish Fed signals pushed the stock to repeated post-listing lows, with HK$71.20 reached on 21 October. Fundamentals contrast with the tape: Q1 2026 revenue of HK$222.7m rose 57.66% yoy, while net profit of HK$8.8m and EPS of HK$0.1023 turned positive from HK$-7.1m and HK$-0.086, lifting net margin to 3.96% from -5.06%. Though the shares are still down 61.2% year-to-date, sit 61.2% below the 52-week high of HK$215.20 and trade under the HK$108.484 20- and 60-day moving averages.