Movement Alert|XD Inc. Falls 5.02% in Regular Trading, Citi Slashes Target Price to 70 HKD Extending Selling Pressure

Market Focus07-14

On July 14, XD Inc. declined 5.02% in regular trading, trading at 40.5 HKD/share, with turnover of approximately 105 million HKD.

On the news front, Citi recently issued a research report significantly cutting XD Inc.'s target price from 90 HKD to 70 HKD, with the valuation basis adjusted from 22x to 18x forward P/E ratio. The report noted that bigger catalysts are not expected until next year, characterizing the current fiscal year as a transitional period with stable but unexciting growth.

Additionally, the company granted approximately 85,900 share options to management on July 10 with an exercise price of 46.952 HKD, which is now substantially above the current trading price. Despite continuous share repurchases since June 12 totaling over 124 million HKD, the buyback program has failed to reverse the stock's downward trajectory in the near term.

(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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