On September 28, BIREN TECH fell 4.14% in regular trading, trading at 36.16 HKD/share, with turnover of 30.91 million HKD. The stock extended its multi-day correction following a sharp rally earlier in the month, with profit-taking pressure continuing to weigh on the share price.

BIREN TECH had surged over 12% on September 21 and gained another 4% on September 22, accumulating significant short-term gains. Since then, the stock has pulled back across multiple consecutive trading sessions as investors locked in profits. Overnight, U.S. chip stocks declined broadly, with ARM falling nearly 8% and the Philadelphia Semiconductor Index coming under pressure, sending negative sentiment into Hong Kong-listed GPU and semiconductor names.

The broader semiconductor sector mirrored the weakness. Among sector peers, ILUVATAR COREX fell 4.47%, MONTAGE TECH dropped 4.39%, HUA HONG GRACE declined 4.08%, GIGADEVICE lost 3.48%, and SMIC slipped 2.29%, reinforcing sector-wide selling pressure.

On fundamentals, the company reported first-half revenue of 1.236 billion yuan, up 1,997.6% year-over-year, with gross margin improving to 42.7%. Daiwa previously raised its target price to 130 HKD and reiterated a Buy rating, while Goldman Sachs maintained a Buy rating with a target price of 80.5 HKD.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)