On May 27, Iluvatar CoreX rose 3.76% in regular trading, trading at 539.0 HKD/share, with trading volume of 80.71 million HKD.
On the news front, Haitong International recently initiated coverage on Iluvatar CoreX with an Outperform rating and a target price of 596.7 HKD, corresponding to a forward price-to-sales ratio of 24x. The bank highlighted the company as a pioneer in China's dual-line GPU domain, noting its DeepSpark ecosystem demonstrates core competitiveness and that the current share price offers a significant discount to potential valuation. Additionally, Hang Seng Indexes announced on May 22 that the stock would be included in the Hang Seng Composite Index effective June 8, making it eligible for Stock Connect inclusion.
Analysts note that as a scarce domestic GPU stock listed in Hong Kong, Iluvatar CoreX trades at approximately 20x forward P/S, well below the A-share peer average of approximately 56x for companies such as Cambricon and Moore Threads, positioning it as a compelling vehicle for investors seeking China AI compute exposure without the A-share premium.
(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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