Movement Alert｜XD Inc. Declines 5.13% in Regular Trading, Gaming Sector Weakness Compounds Citi Target Price Cut

Market Focus07-17 11:16

On July 17, XD Inc. fell 5.13% in regular trading, trading at HK$42.9/share, with turnover of approximately HK$56.88 million.

On the news front, the Interactive Home Entertainment sector saw broad-based selling pressure. Within the sector, NTES-S fell 1.47%, Kingsoft fell 4.38%, Tanwan fell 2.79%, and Netdragon fell 2.94%, reflecting widespread risk-off sentiment across gaming names.

Adding to the downward pressure, Citi recently slashed its target price on XD Inc. from HK$90 to HK$70, lowering its valuation basis from 22x to 18x forward P/E. The research note indicated that major catalysts for the company are unlikely to materialize until next year, characterizing the current period as a transitional year. Notably, the stock is now trading well below the HK$46.952 exercise price of approximately 85,900 share options granted to management on July 10.

Despite the company conducting buybacks for 22 consecutive trading days since June 12, accumulating approximately HK$170 million in total repurchases, the sustained buying has yet to arrest short-term price declines.

(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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Declines 5.13% in Regular Trading, Gaming Sector Weakness Compounds Citi Target Price Cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-17 11:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 17, XD Inc. fell 5.13% in regular trading, trading at HK$42.9/share, with turnover of approximately HK$56.88 million.</p><p>On the news front, the Interactive Home Entertainment sector saw broad-based selling pressure. 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