XD INC Shares Surge Over 7% in Session Following 15 Consecutive Days of Share Buybacks

Deep News
07/07

XD INC (02400) saw its shares rise more than 7% during the trading session. By the time of writing, the gains had moderated, with the stock up 3.50% to HK$49.04, with a turnover of HK$140 million.

According to a company announcement, on July 6, XD INC repurchased 136,400 shares at a cost of approximately HK$6.3682 million. Data indicates that since June 12, the company has conducted share buybacks for 15 consecutive days, totaling 2.5374 million shares repurchased with a cumulative expenditure of around HK$117 million.

Analysis from Western Securities highlighted the ongoing delivery of self-developed games across multiple genres. The firm noted that XD INC has successfully established two products with long-term potential: "XD Town" and "Torchlight: Infinite." Furthermore, the TapTap platform is continuously expanding its boundaries. It is not merely a distribution channel for mobile games but, more importantly, has built a comprehensive ecosystem infrastructure for developers, creating a closed-loop ecosystem. The integration of TapADN, TapTap PC, and TapTap Maker is seen as raising the platform's growth ceiling. The analysis expresses a positive outlook on the company's rare platform value and the enduring potential of its self-developed games.

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