Movement Alert｜Pateo Connect Plus Falls 6.08% in Regular Trading, Auto Parts Sector Broadly Pressured After Massive Monthly Rally

Market Focus

May 28

On May 28, Pateo Connect Plus declined 6.08% in regular trading, trading at 216.8 HKD/share, with trading volume of approximately 68 million HKD. The pullback comes after the stock had accumulated gains exceeding 60% within the month, fueled by a series of positive catalysts including Q1 revenue growth surpassing 100% year-over-year, a landmark partnership with NVIDIA on the DRIVE AGX Thor platform for on-vehicle large model deployment, and the appointment of former Cerence CEO Stefan Ortmanns as European business head to accelerate global expansion.

The broader Auto Parts & Equipment sector saw widespread selling pressure on the session, with Nexteer down 3.62%, HESAI-W down 2.79%, Johnson Electric Holdings down 2.47%, CALB down 2.33%, and Joyson Electronic down 2.20%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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