Movement Alert｜Xunce Technology Rises 8.16% in Regular Trading, Multiple Top Investment Banks Initiate Buy Ratings as Share Buyback Plan Takes Effect

Market Focus06-29

On June 29, Xunce Technology rose 8.16% in regular trading, trading at 121.7 HKD/share, with turnover of approximately HKD 109 million.

On the news front, since early June, four major institutions — CITIC Securities, Huatai Securities, CITIC Construction Investment, and Haitong International — have successively initiated or upgraded coverage on Xunce to Buy ratings, with the highest target price reaching HKD 240.08, implying potential upside of nearly 100% from current levels. CITIC Securities set its target at HKD 205, citing the company's TokenOS positioning in the enterprise AI market. Huatai Securities highlighted Xunce's real-time data technology advantages and token-based billing model as key growth drivers.

Additionally, on June 26, the shareholders' meeting approved a share buyback authorization, permitting the board to repurchase up to 10% of issued H shares — the first such authorization since listing. With the stock having retreated over 70% from its peak and cornerstone investor lock-up shares unlocking today, market sentiment views near-term overhang as largely cleared, opening a rebound window amid unanimous institutional bullishness.

(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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