Hong Kong Stock Market News | ZX INC rises over 4% to reach a new high since the end of September, with a cumulative increase of 233%. Institutions believe that the gaming industry is entering a new phase of development cycle.
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ZX INC's stock price has risen by over 4%, reaching a new high since its listing at the end of September, with a cumulative increase of 233%. ZX INC's main business focuses on China's marketing and operation of online games. The mobile game market is expected to have a compound annual growth rate of 4.8% in 2022. The value output of the gaming industry relies on the supply of new content, and currently, the supply recovery is strong. The gaming industry is entering a new development cycle. The fundamentals of the gaming industry are solid, with A-share and Hong Kong-listed gaming companies valued at 17x/13x and 16x/11x, respectively.
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