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HK stocks are fluctuating | Xd Inc (02400) rose more than 3%, and its 'Heartbeat Town' performed well. The first fashion season is expected to drive revenue increase.
Xd Inc (02400) rose more than 3%, as of press time, it rose 3.51%, to 23.6 Hong Kong dollars, with a turnover of 50.8707 million Hong Kong dollars.
Brokerage Soochow Securities maintains a "buy" rating for XD Inc (02400) and expects its profit elasticity to be released in the second half of the year.
Soochow's research report states that XD Inc. (02400) is expected to achieve revenues of 2.18-2.23 billion yuan in H1 2024, a YoY growth of 24.4% -27.2%, and expected to achieve net income of 0.22-0.27 billion yuan, a YoY growth of 114.0% -162.7%, with performance better than the bank's expectations. The bank also pointed out that from the perspective of new game profit release, "Let's Muffin" was launched in January and May 2024 in Greater China and the Chinese mainland, respectively, with revenue performance exceeding the bank's expectations. Considering revenue deferral recognition, the bank estimates that the domestic revenue of "Let's Muffin" will have a positive impact on XD Inc.'s net income.
China International Capital Corporation: The core strategy of exporting small games lies in the global demand for lightweight gameplay.
The core focus of the overseas mode of small games lies in the global demand for lightweight gameplay, with domestic mid-tier manufacturers actively participating in it.
Hong Kong stocks closed (08.06) | The Hang Seng Index fell 0.31%, with strong performances from education, medical, and photovoltaic stocks. Yum China (09987) soared 10% after its earnings report.
After the sharp drop in Asia-Pacific stock markets, they rebounded. Hong Kong stocks opened high collectively in the morning, and the Hang Seng Index once rose 1.77%; in the afternoon, the three major indexes all fell and the Hang Seng Index performed relatively resilient, repeatedly turning red during the session.
Sinolink maintains a "buy" rating for xd inc (02400) with expected user growth on the TapTap platform driven by self-developed games.
Sinolink Securities released a research report stating that XD Inc (02400) announced a positive profit forecast for the first half of 2024 on August 5, 2024. It is expected that the company will achieve revenue of 21.8 to 22.3 billion yuan in 2024H1, a year-on-year increase of 24.4% to 27.2%, and a net income of 2.2 to 0.27 billion yuan, a year-on-year increase of 114% to 162.7%. The company's self-developed new game "Heartbeat Town" went live on July 17, and according to Qimai data, it maintained the top 3 in the IOS game free list as of August 5, and its ranking on the IOS game bestseller list rose to 22. The bank believes that.
Furui: Monthly game approvals in mainland China have entered the right track. Tencent is the preferred industry leader (00700).
Furui rates Tencent, XD Inc, and Netease as 'buy', with Tencent as the top pick.
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