CIDI (03881.HK) Sees Midday Drop of 8.4% to $241
CIDI Stock Performance: CIDI (03881.HK) debuted at $263, reached a low of $218, and closed midday at $241, reflecting an 8.4% decline from its opening price.
Trading Volume: The stock saw a trading volume of 668,120 shares and a turnover of $166.74 million during its initial trading session.
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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.
