Hong Kong Stock Market News: ZX INC surged more than 10% with integrated game research and operation + expanding product categories. Institutions believe that the performance is expected to see growth.
ZX INC's stock price surged by over 10%, reaching a 11.28% increase at the time of publication, closing at HKD 39.95. The company has been included in 19 indexes, including the Hang Seng Index, which will take effect on March 4, 2024, enhancing its visibility and liquidity. In the first half of the year, the company operated over 330 game products, with a 21.6% year-on-year growth in registered users. According to AMTD International, the company is a representative in operating legendary online games in China. In the future, by deepening research and operation integration, expanding the game category track, and IP operation, the company will further open up the growth curve of its performance.
Zhitong App learned that ZX INC (09890) surged by over 10%, rising by 11.28% as of the time of publication, reaching HKD 39.95 with a trading volume of HKD 7.07 million.
On the news front, the Hang Seng Index recently announced the quarterly review results of the Hang Seng Index series up to December 31, 2023. ZX INC has been included in a total of 19 indices, including the Hang Seng Composite Index, with the related changes set to take effect from March 4, 2024. Boosted by this news, from February 7 to February 19, in just 7 trading days, ZX INC has surged by over 171%. Guotai Junan International believes that being included in the index and the Stock Connect can enhance the company's visibility and liquidity.
It is reported that as of the first half of 2023, the company has operated over 330 game products, including popular titles such as "Original Legend," "Ancient Cloud Legend," "Blade of Freedom," "Blood Strike," and "National Rivers and Lakes." The marketing and operation of game products have accumulated approximately 433 million registered users, a YoY increase of 21.6%. Guotai Junan International stated that the company is a representative of operating legendary online games in China and will further open up the growth curve of performance through deepening research and operation integration, expanding the game category track and IP operation, expanding the mini-game track, and replicating models overseas.