On October 6, BIREN TECH fell 3.2% in regular trading, trading at HK$35.72 per share, with turnover of HK$24.07 million. The movement reflects continued pressure from Morgan Stanley's recent 1.22 percentage point reduction in shareholding exposure as disclosed in the September 28 position report, where the institution trimmed its stake from 6.12% to 4.90%, triggering profit-taking sentiment. This follows a significant technical pattern of sustained selling after the stock's sharp 8.29% single-day drop on September 28 and weak rebound momentum.

Despite the short-term pressure, fundamental expectations remain intact—notably DAHE Securities maintained its 130 HK$ price target and Buy rating in late September, projecting 2027-2028 profitability growth through flagship product commercialization.

(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.)