On May 26, Iluvatar CoreX (09903.HK) rose 7.08% in regular trading, trading at 495.4 HKD/share, with trading volume of 82.23 million HKD.

On the news front, Haitong International initiated coverage on Iluvatar CoreX with an Outperform rating and a target price of 596.7 HKD, implying significant upside from current levels. The broker highlighted the company as a pioneer in China's dual-line GPU space, noting its DeepSpark ecosystem as a core competitive advantage and that the current share price reflects a notable discount to its potential valuation.

Additionally, the company was confirmed for inclusion in the Hang Seng Composite Index effective June 8, making it eligible for Stock Connect, which serves as a near-term re-rating catalyst. Haitong noted that the company's revenue doubled year-over-year to 1.034 billion RMB, with projected growth of 126% and 133% over the next two years, driven by TG Gen 3 ASP increases and ZK production ramp. At current levels, the stock trades at approximately 20x forward price-to-sales, well below A-share peers averaging around 56x.

(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.)