On July 16, Xunce Technology (03317.HK) rose 5.18% in regular trading, trading at 99.9 HKD/share, with turnover of approximately 71.30 million HKD, marking the third consecutive trading day of rebound.

On the news front, the company recently signed a strategic memorandum of understanding with Italy's Lutech S.p.A. to jointly develop AI transformation solutions compliant with EU data sovereignty principles for the European market, marking the first overseas deployment of its TokenOS operating system. Additionally, multiple leading brokerages have initiated or upgraded coverage, with CITIC Securities raising its target price to 205 HKD and Huatai Securities initiating coverage with a target price of 240.08 HKD, both assigning Buy ratings.

The stock had previously fallen over 70% from its mid-April high of 382.8 HKD, pressured by a 23.5 billion HKD placement and convertible bond issuance completed on July 10. The current rebound is supported by the European strategic partnership news combined with oversold technical conditions and improving institutional consensus.

(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.)