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: 4 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
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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.
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Current: 7.040
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About the author
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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.
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