The stock price of Zhongxu Mirai (09890) has continued to rise recently, rising more than 1.7 times in the past two weeks. The stock rose nearly 10% in early trading, then dived in a straight line in the afternoon and fell 36% in the intraday period. As of press release, it decreased by 13.41% to HK$35.5, with a turnover of HK$73.8922 million.
The Zhitong Finance App learned that the stock price of Zhongxu Mirai (09890) has continued to rise recently, rising more than 1.7 times in the past two weeks. The stock rose nearly 10% in early trading, then dived in a straight line in the afternoon and fell 36% in the intraday period. As of press release, it decreased by 13.41% to HK$35.5, with a turnover of HK$73.8922 million.
According to the news, Hang Seng Index recently announced the quarterly inspection results, adding Zhongxu as a small-cap stock in the Hang Seng Composite Index in the future, and will become the Hong Kong Stock Exchange Standard, which will take effect on March 4. Anxin International released a research report saying that inclusion in the index and Hong Kong Stock Connect can also increase the company's attention and liquidity, and give the target price of HK$34.5.
According to the Anxin International Report, due to the company's delay in the launch of some new games in 2023, the growth rate of revenue and performance performance is expected to slow down. The bank is expected to improve in 2024 along with the increase in “Dragon Trails City”, “Doulo Continent: Shrek Academy” and other upcoming new games, as well as the increase in overseas channels and mini-game channels. It is worth noting that on February 2, Zhongxu's future stock price dived sharply. On the same day, the company's stock price fell 77% for a while, almost taking back all of its previous gains.