Movement Alert|Xunce Rises 6.04% in Regular Trading, Dual Broker Buy Ratings and Domestic Computing Power Partnerships Boost Sentiment

Market Focus
Jun 24

On June 24, Xunce (03317.HK) rose 6.04% in regular trading, trading at 127.7 HKD/share, with turnover of approximately 44 million HKD.

On the news front, CITIC Securities and Huatai Securities have both issued bullish research reports in recent days. CITIC Securities raised its target price to 205 HKD and upgraded the rating from Accumulate to Buy, citing confidence in the company's TokenOS operating system positioning in the enterprise AI market. Huatai Securities initiated coverage with a Buy rating and a target price of 240.08 HKD, viewing the company as a domestic Palantir counterpart and a leading player in scenario-based Token services, with its pay-per-Token business model unlocking long-term valuation upside.

Additionally, the company recently signed strategic partnerships with multiple domestic GPU manufacturers including Muxi, Tianshu Zhixin, and Biren Technology, systematically collaborating with the domestic computing supply chain to accelerate AI deployment in vertical scenarios.

(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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