On September 9, XUNCE fell 5.68% in regular trading, trading at 112.2 HKD/share, with turnover of HKD 141 million. This marks the second consecutive session of steep decline, following a 5.49% drop on September 8.

The selloff persists despite Macquarie initiating coverage on September 7 with an \"Outperform\" rating and a target price of HKD 149, projecting a 61% revenue CAGR from 2026 to 2028 and a 225% EPS CAGR over the same period. Notably, this target sits well below Deutsche Bank's HKD 351 target issued in late August, highlighting divergent institutional views on valuation.

The stock has corrected sharply from its April peak of HKD 382.8 despite strong H1 fundamentals — revenue surging 389% year-over-year to RMB 967 million and a first-ever half-year profit of RMB 72.5 million. Market analysis suggests heavy overhead supply pressure, with the average holder cost estimated around HKD 162, leaving over 60% of positions underwater and generating persistent selling pressure as prices approach prior consolidation zones.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)