Understanding the Market | XJ ELECTRICS fell over 5% on the second day of listing, nearly 20% lower than the offering price, with a relatively concentrated customer structure
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XJ ELECTRICS fell over 5% on the second day of its listing, with an intraday low of HKD 2.3, down nearly 20% from the offering price of HKD 2.86. The company's customer structure is relatively concentrated, with the top five customers accounting for 77.9%, mainly consisting of U.S. retail or appliance brands. Although the company's valuation is lower than its peers, it still faces tariff uncertainties as an export enterprise
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