On July 17, XD Inc. fell 5.13% in regular trading, trading at HK$42.9/share, with turnover of approximately HK$56.88 million.

On the news front, the Interactive Home Entertainment sector saw broad-based selling pressure. Within the sector, NTES-S fell 1.47%, Kingsoft fell 4.38%, Tanwan fell 2.79%, and Netdragon fell 2.94%, reflecting widespread risk-off sentiment across gaming names.

Adding to the downward pressure, Citi recently slashed its target price on XD Inc. from HK$90 to HK$70, lowering its valuation basis from 22x to 18x forward P/E. The research note indicated that major catalysts for the company are unlikely to materialize until next year, characterizing the current period as a transitional year. Notably, the stock is now trading well below the HK$46.952 exercise price of approximately 85,900 share options granted to management on July 10.

Despite the company conducting buybacks for 22 consecutive trading days since June 12, accumulating approximately HK$170 million in total repurchases, the sustained buying has yet to arrest short-term price declines.

(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.)