Movement Alert|XD INC Rises 5.16% in Regular Trading, New Game Approval Combined with Sustained Buybacks Boost Sentiment

Market Focus07-27

On July 27, XD INC rose 5.16% in regular trading, trading at HK$44.0/share, with turnover of approximately HK$33.12 million.

On the news front, the National Press and Publication Administration released July game approval information on July 23, granting licenses to 197 titles — the largest single-batch approval in five years. XD INC's Ragnarok: Love at First Sight 2 was among the approved titles. Institutional research notes highlighted that the stable pace of license issuance supports a healthy mid-term industry outlook, with the broader gaming sector benefiting from policy tailwinds and product cycle catalysts.

Additionally, XD INC has maintained a sustained share buyback program. Between July 20 and July 24, the company repurchased shares daily, with the most recent transactions on July 24 (185,000 shares, ~HK$7.78 million) and July 23 (180,000 shares, ~HK$7.65 million). Since May 28, cumulative buybacks have reached approximately 4.997 million shares, representing about 1.02% of issued share capital at the time of authorization.

(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.

Comments

We need your insight to fill this gap
Leave a comment