CIDI (03881.HK) Makes Flat Debut at $263 in IPO
CIDI Stock Performance: CIDI (03881.HK) opened at $263 on its debut, experiencing a decline of 1.600 (-0.608%) with 305,330 shares traded at market open.
Market Information: The Hong Kong stock quotes are delayed for at least 15 minutes.
AI Market Insights: CLSA reports that the AI market is expected to reach a tipping point next year, with India and Indonesia likely to benefit from market rotation.
Investment Outlook: The commentary suggests a positive outlook for AI-related investments in the upcoming year, particularly in emerging markets.
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Soochow Securities Begins Coverage of CIDI with a Buy Rating, Projects Net Profit of RMB 103 Million This Year
Research Coverage Initiation: Soochow Securities has initiated coverage on CIDI (03881.HK) with a Buy rating, recognizing its leadership in intelligent driving technology and unmanned truck solutions.
Financial Projections: The broker estimates that CIDI will incur a loss of RMB269 million in 2025, but expects a profit of RMB103 million this year, potentially increasing to RMB627 million by 2027.
CIDI (03881.HK) Shares Drop 13.7% to $227 Following IPO
CIDI Stock Performance: CIDI (03881.HK) debuted at $263, reached a high of $263 and a low of $218, closing at $227, which is a 13.7% drop from the listing price.
Trading Volume and Loss: The stock had a trading volume of 811,640 shares and a turnover of $200.82 million, resulting in a book loss of $360 per board lot of 10 shares.
