$ROBOTPHOENIX(06871.HK) has dropped almost ten percent. The pullback in Hong Kong stock robotics new listings comes in waves 🥺
The story of light industrial robotics plus embodied intelligence told at the IPO hasn't changed; what's changed is the liquidity situation of the entire Hong Kong stock new listing sector—after the influx of new capital stopped, the daily routine for these small-cap stocks is gradual decline with occasional spikes.
At what level will people be willing to tell the story again? Historically, the recovery of such stocks has relied either on major brokerages initiating coverage or on the first earnings report that beats expectations. Sentiment alone can't fix it.
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