XIAO NOODLES (02408.HK) Shares Fall 29% to $5 on First Day of Trading
Written by Emily J. Thompson, Senior Investment Analyst
Source: aastocks
Updated: 3 hour ago0mins
Xiao Noodles Debut: Xiao Noodles (02408.HK) opened at $5, which is a 29% decrease from its listing price of $7.04.
Trading Activity: At market open, 8.87 million shares were traded, indicating significant activity despite the drop in price.
Market Context: The Hong Kong stock quotes are delayed by at least 15 minutes, which may affect real-time trading decisions.
CICC Forecast: CICC maintains an optimistic forecast for the Hang Seng Index (HSI) at 26,000, recommending a 'Dividend + Tech Internet' combination as a base allocation strategy.
02408.HK
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on 02408
Wall Street analysts forecast 02408 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02408 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 7.040
Low
Averages
High
Current: 7.040
Low
Averages
High
No Data
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
How did the company's recent strategic decisions impact its latest financial performance?
Can you explain the factors behind the recent changes in the company's stock price?
What are the expected impacts of current market trends on the company's future growth?
Based on the latest earnings report, what are the company's forecasted revenues for the next quarter?