SHUANGDENG (06960.HK) Surges 55.1% to $22.5 on First Day of Trading

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Aug 26 2025

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06960+0.5%

Should l Buy 06960?

Source: aastocks

Stock Performance: SHUANGDENG (06960.HK) closed at $25.1 on the gray market, reflecting a 73.0% increase from its listing price of $14.51.
Market Debut: On its debut day, the stock opened at $22.5, which is a 55.1% rise from the initial listing price.
Trading Volume: At market open, 11.11 million shares were traded.
Related News: HTSC has raised the target price for HKEX (00388.HK) to $542 and maintains a "Buy" rating.

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Analyst Views on 06960

Wall Street analysts forecast 06960 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 06960 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.

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Current: 13.870

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About the author

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.

SHUANGDENG (06960.HK) Sees 31.3% Increase, Closing at $19.05

Aug 26 2025aastocks

Stock Performance: SHUANGDENG (06960.HK) debuted today, opening at $22.5, which is a 55.1% increase from its listing price of $14.51.
Closing Figures: The stock peaked at $23.18 and bottomed at $18.86, ultimately closing at $19.05, reflecting a 31.3% rise from the initial listing price.
Trading Volume: The trading volume reached 43.41 million shares with a turnover of $939.61 million.
Profit Calculation: Excluding handling fees, investors saw a book gain of $2,270 for a board lot size of 500 shares.

SHUANGDENG (06960.HK) Sees 31.3% Increase, Reaching $19.05 by Midday

Aug 26 2025aastocks

Stock Performance: SHUANGDENG (06960.HK) debuted today, opening at $22.5, which is a 55.1% increase from its listing price of $14.51.
Price Fluctuations: The stock reached a peak of $23.18 and a low of $18.86 during the trading session.
Midday Closing: By midday, SHUANGDENG closed at $19.05, reflecting a 31.3% rise from the initial listing price.
Trading Volume: The stock saw a trading volume of 30.52 million shares, with a turnover amounting to $684.51 million.

HSI Declines by 115 Points; HAIDILAO Falls After Earnings Report; NIO-SW Drops 8%

Aug 26 2025aastocks

Market Opening: The HSI opened 115 points lower at 25,714, with the HSCEI and HSTECH also experiencing declines of 0.4% and 0.8%, respectively.
Gaming Sector Update: China approved 166 domestic online games in August, including titles from major companies like Alibaba and Bilibili, but their stocks opened down by around 2%.
Tech Stock Performance: Various tech stocks such as Tencent and Meituan saw slight decreases at market open, while Kuaishou gained slightly; SMIC dropped 1.4%.
Automotive Sales Decline: China's new energy vehicle sales fell by 5% month-over-month, impacting stocks like Geely Auto and NIO, which experienced significant losses.