On July 31, XUNCE rose 6.44% in regular trading, trading at 105.9 HKD/share, with turnover of approximately HKD 72.46 million. The rebound comes after the stock experienced four consecutive trading days of decline with a cumulative drop exceeding 20%, as short-term profit-taking pressure appears to have been largely absorbed.
The prior sell-off followed a sharp two-day rally of over 45% triggered by the company's strategic cooperation memorandum with Hongtai Capital's parent company Qingdao Xinchen Kechuang, marking TokenOS's first large-scale entry into the private equity investment sector. A subsequent partnership with Shenzhen Kaihong Digital on HarmonyOS ecosystem data tokenization failed to reverse the correction trend.
The company remains in a loss-making state with a forward P/E ratio exceeding 480x. Market divergence over high valuations versus earnings delivery persists, suggesting the rebound may be primarily technical in nature rather than driven by a fundamental catalyst shift.
(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.)