DRINDA Shares Rebound Over 6% After Previous Session's Steep Decline

Stock News10:45

DRINDA (02865) saw a rebound of over 6% in today's trading session, following a significant drop of more than 12% yesterday. As of the time of writing, the stock was up 6.34%, trading at HKD 41.96, with a turnover of HKD 581 million. On the news front, it was reported that the U.S. Federal Communications Commission has accepted SpaceX's application for a data center. Additionally, there are reports that Elon Musk is employing a two-step merger process to complete SpaceX's acquisition of xAI. Guojin Securities previously indicated that Musk's initiatives in space-based solar power are generating momentum across the entire photovoltaic sector. Beyond the core driver of planned capacity scale and timeline guidance significantly exceeding expectations, performance forecasts from some companies in the photovoltaic sector indicating an early balance sheet clearance are expected to further drive stock prices upward. The firm remains optimistic about the sector's performance, anticipating a revival by 2026.

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