MOMENTA-W

Momenta opened higher and rallied in the morning session, with intraday gains exceeding 3% and closing at 304.4 HK$, driven by the CEO's post-IPO interview setting a breakeven target for next year and profitability by 2028, along with earlier disclosed mass-production deployments exceeding 1 million units. The stock opened at 295.6 HK$, dipped to an intraday low of 294 HK$, then surged to a high of 304.4 HK$, ending about 2.6% above the IPO price. At 303.2 HK$, the stock is 3.68% below its 52-week high of 314.8 HK$ but above the offer price. However, the company remains loss-making, with a negative P/E ratio.