On June 11, Tianshu Zhixin rose 3.56% in regular trading, trading at HK$512.0/share, with trading volume of HK$137 million.
On the news front, HKEX recently announced that Tianshu Zhixin will be included in the HKEX Tech 100 Index under the fast-track mechanism, with the adjustment to take effect after this Friday's market close. Additionally, the stock was formally included in the Stock Connect eligible list starting June 8, which previously drove a single-day surge of over 15%. Market analysis suggests that index inclusion typically attracts passive fund inflows tracking the index, enhancing stock liquidity and market visibility.
Guotai Haitong initiated coverage with an Overweight rating and a target price of HK$588.16. The broker projects revenues of RMB 2.578 billion, RMB 5.002 billion, and RMB 8.323 billion for 2026-2028 respectively, applying a 50x price-to-sales ratio. The company also announced a share buyback plan of up to 10% of issued H shares, further supporting shareholder value.
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