Movement Alert｜XD Inc. Falls 5.3% in Regular Trading, Citi Cuts Target Price to HK$70

Market Focus07-13

On July 13, XD Inc. (02400.HK) fell 5.3% in regular trading, trading at HK$43.72/share, with turnover of approximately HK$44.3 million.

On the news front, Citi recently issued a research report significantly cutting its target price for XD Inc. from HK$90 to HK$70, while adjusting the valuation basis from 22x to 18x forward P/E ratio. The report noted that the company is expected to report first-half results before late August, with quarterly revenue likely to achieve modest year-over-year growth. However, the larger catalysts are not expected to materialize until next year, making this year more likely a transitional period. Additionally, the company granted approximately 85,900 share options to management on July 10 at an exercise price of HK$46.952 per share — the current stock price has already fallen below this exercise level.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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