Movement Alert|XD Inc Rises 5.08% in Regular Trading, Receives Strong Buy Initiation from Huachuang Securities

Market Focus
05/29

On May 29, XD Inc rose 5.08% in regular trading, trading at HK$52.1/share, with trading volume of HK$133 million. The rally was driven by Huachuang Securities initiating coverage on the company with a Strong Buy rating.

Huachuang Securities set a target price of HK$100.9, implying significant upside from the current share price. Additionally, the company has been actively repurchasing shares, cancelling 3.136 million previously repurchased shares on May 19 and spending HK$7.6131 million to buy back 120,000 shares on May 4, signaling management confidence in the company's intrinsic value. The company previously disclosed full-year revenue of RMB 5.76 billion, representing a 15% year-over-year increase, maintaining a solid growth trajectory.

Within the Interactive Home Entertainment sector, among individual stocks, NTES-S up 1.04%, KINGSOFT up 0.47%, Tanwan up 4.13%, IGG up 1.22%, BOYAA up 0.41%.

(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.)

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