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XD Repurchases $45.4 Million in 2026 Convertible Bonds; Shares Rise 3%
XD (HKG:2400) bought back $45.4 million in aggregate principal amount of its $280 million convertible bonds due 2026, according to a Wednesday filing. The bonds, which have a coupon of 1.25%, compromi
Xindong has repurchased convertible bonds with a total principal amount of 45.4 million US dollars
Xindong Company (02400) issued an announcement regarding the company's issuance of 1.25% convertible bonds worth US$280 million due in 2026. As of November 22, 2023, the company has repurchased convertible bonds with a total principal amount of US$45.4 million, accounting for about 16.21% of the total principal amount of convertible bonds previously issued. The repurchases of the repurchased convertible bonds mentioned above are funded by the internal resources of the company and its subsidiaries. The board of directors believes that the above repurchases of convertible bonds will not have a significant impact on the company's financial situation. The Board believes that the repurchase and subsequent cancellation of repurchased convertible bonds is reflected
Xindong (02400.HK) has repurchased 45.4 million US dollars of convertible bonds
Gelonghui November 22|Xindong Company (02400.HK) announced that as of November 22, 2023, the company had repurchased convertible bonds with a total principal amount of 45.4 million US dollars (1.25% convertible bonds due in 2026), accounting for about 16.21% of the total principal amount of convertible bonds previously issued. The repurchases of the repurchased convertible bonds mentioned above are funded by the internal resources of the company and its subsidiaries. The company expects to cancel the repurchased convertible bonds as soon as possible. The board of directors believes that the above repurchases of convertible bonds will not have a significant impact on the company's financial situation. The Board of Directors believes that repurchases and
Changes in Hong Kong stocks | Game stocks generally rose more than 8% during the Friendship Period (06820), and the institutional index sector gradually entered the profit recovery cycle
Gaming stocks generally rose. As of press release, Friendship Time (06820) rose 8.84% to HK$1.6; Tencent Holdings (00700) rose 4.22% to HK$320.8; and Xindong (02400) rose 3.58% to HK$13.88.
Changes in Hong Kong stocks | Game stocks continue their recent gains, agencies say “skits plus games” are expected to open up a new track in the game industry
Gaming stocks continued their recent gains. As of press release, Friendship Time (06820) rose 6.3% to HK$1.35; IGG (00799) rose 3.83% to HK$3.25; China Mobile Games (00302) rose 3.38% to HK$1.53; and Xindong (02400) rose 2.77% to HK$14.12.
Is XD (HKG:2400) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it might be obvious that you need to consider debt, whe
Xindong Company granted a total of 1,411,400 share options
Xindong Co., Ltd. (02400) announced that on October 16, 2023, the company granted a total of 1,411,400 share options to certain eligible participants in accordance with the share option plan adopted on June 25, 2021. The exercise price of the granted share options was HK$13.284 per share. Out of the share options granted, a total of 263,600 share options were granted to the company's directors, key executives, and/or major shareholders. Among them, Chairman of the Board, CEO and Executive Director Huang Yimeng was granted 161,100 shares, and Executive Director and CEO Dai Yunjie was granted 10.2 million shares
Xindong Company (02400.HK) granted approximately 1,411,000 share options
Glonghui, October 16, 丨 Xindong Company (02400.HK) announced that on October 16, 2023, the company granted a total of 1,411,449 share options to certain eligible participants (“grantees”) to subscribe for the company's common shares with a face value of $0.0001 per share in accordance with the share options plan adopted on June 25, 2021.
data.ai: Chinese game manufacturers' overseas revenue rankings released in September, Miha Tour, Tencent (00700), and Diandian Interactive ranked in the top three
data.ai released the ranking of Chinese game manufacturers and apps from overseas revenue for September 2023.
Changes in Hong Kong stocks | NetDragon (00777) rose more than 4%, leading game stocks, domestic game market recovery in August, institutions are optimistic about industry recovery
Zhitong Finance App learned that gaming stocks continued to rebound. As of press release, NetDragon (00777) rose 4.16% to HK$14.52; Xindong (02400) rose 4.12% to HK$13.64; NetEase-S (09999) rose 3.62% to HK$166; and China Mobile Gaming (00302) rose 1.56% to HK$1.3.
Changes in Hong Kong stocks | Most game stocks rebounded, and at one point, Fire Rock Holdings (01909) surged 31%, and institutions are optimistic about the investment value of the gaming sector
Most game stocks rebounded. As of press release, Fire Rock Holdings (01909) rose 19.91% to HK$0.265; Hometown Interactive (03798) rose 3.61% to HK$2.01.
XD Inc.'s (HKG:2400) Largest Shareholder, CEO Yimeng Huang Sees Holdings Value Fall by 6.6% Following Recent Drop
Key Insights Significant insider control over XD implies vested interests in company growth 50% of the business is held by the top 4 shareholders Institutional ownership in XD is 14% If you want
Tianfeng Overseas: The marginal improvement in domestic economic data is optimistic about the valuation and cost performance ratio of Hong Kong stocks
Tianfeng Overseas released a research report saying that currently Hong Kong stock valuations are at a relatively low level, and many domestic economic data have improved marginally. It is expected that with steady growth and growth, market confidence is expected to gradually recover. The bank is still optimistic that Hong Kong stock market valuations will gradually recover from the current low level. Looking at the medium term, with the development of the Hong Kong Stock Science and Technology Network Company's AI model, it is expected that it will continue to attract additional capital allocations. Domestic side: 1) Data released by the National Bureau of Statistics on September 30 shows that as policy effects continue to accumulate, positive factors in economic operation continue to increase, the manufacturing purchasing managers' index, the non-manufacturing business activity index, and
Changes in Hong Kong stocks | Game stocks are picking up today, and the September edition is issued as scheduled, and game sector valuations are expected to accelerate recovery
Gaming stocks picked up today. As of press release, NetEase S (09999) rose 5.16% to HK$159; iGG (00799) rose 4.52% to HK$3.24; Xindong (02400) rose 2.94% to HK$14; and Zulong Entertainment (09990) rose 1.2% to HK$2.54.
Guotai Junan: Domestic versions resumed distribution in September, and the upward trend in the Internet game industry did not change
Guotai Junan Securities released a research report saying that on September 25, the State Administration of Press and Publication announced the approval information for domestic online games for September 2023. A total of 89 imported versions have been issued this time. The domestic game version has been reissued, and the version number is expected to stabilize and the industry's recovery momentum will not change. The recommended targets are Tencent Holdings (00700), NetEase S (09999), Xindong Company (02400), and Bilibili SW (09626). The main opinions of Guotai Junan Securities are as follows: the domestic version was reissued in September, and the quantity and quality of the version were stable, and the supply recovery did not change. A total of 89 domestic game versions have been distributed in this batch, since
XD INC: 2023 INTERIM REPORT
Sensor Tower: Miha Tour's “Collapse: Star Dome Railroad”'s overseas revenue increased 23% month-on-month in August and returned to the top of the overseas mobile game revenue list and growth list
Miha Tour's “Collapse: Star Dome Railroad”'s overseas revenue increased 23% month-on-month in August, returning to the top of the overseas mobile game revenue list and growth list. Among them, revenue from the Japanese and US markets increased by 32% and 20%, respectively.
Tianfeng Securities: Optimistic that Hong Kong stock valuations will be restored upward from the current low level, and that the AI value of the Internet company will be realized, and it is expected to attract additional capital allocation
Leading platforms where Tianfeng Securities is optimistic about recovering Hong Kong stock performance are: Tencent (00700), Meituan-W (03690), Pinduoduo, Alibaba-SW (09988), JD Group-SW (09618), and Kuaishou-W (01024).
[Brokerage Focus] Open Source Securities maintains Xindong Company (02400)'s “buy” rating and is optimistic about the launch performance of the company's self-developed games
According to the Open Source Securities Research Report, Xindong Company (02400) 2023H1 achieved operating income of 1,753 billion yuan (+10.0% year on year) and net profit of 190 million yuan, turning losses into profits over the previous year. This is mainly due to the increase in information service revenue for the Chinese version of TapTap and the increase in game revenue driven by the launch of new games. In June and July 2023, the company made a number of policy adjustments, so that the number of TapTap users returned to a growing trend. In July 2023, the Chinese version of TapTap MAU reached 39.3 million. In May and June 2023, the company developed its own games “Torchlight: Infinite” and “Firepower”
What does it mean for Xindong Company (2400.HK) to turn a loss into a profit after a lapse of three years?
This year, with the support of multiple factors such as breakthroughs in AI technology and the recovery of the game industry, the market's interest in the sector is rapidly increasing. Taking game version distribution as an example, the number of domestic game versions approved this year has reached 610, which basically covers important products from leading companies and waist companies. At the same time, distribution of imported game versions has also gradually resumed. A total of 58 imported game versions have been distributed throughout the year. The batch has increased compared to the batch for the whole of 2022, and the number has also increased significantly from 44 models last year. The industry is gradually returning to a fast-paced pace of development. In response, Guotai Junan Securities pointed out that high-quality products from key manufacturers have been approved one after another, which is expected to speed up product reserves