On July 13, XD Inc. (02400.HK) fell 5.3% in regular trading, trading at HK$43.72/share, with turnover of approximately HK$44.3 million.

On the news front, Citi recently issued a research report significantly cutting its target price for XD Inc. from HK$90 to HK$70, while adjusting the valuation basis from 22x to 18x forward P/E ratio. The report noted that the company is expected to report first-half results before late August, with quarterly revenue likely to achieve modest year-over-year growth. However, the larger catalysts are not expected to materialize until next year, making this year more likely a transitional period. Additionally, the company granted approximately 85,900 share options to management on July 10 at an exercise price of HK$46.952 per share — the current stock price has already fallen below this exercise level.

(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.)