Phancy Group Defends Business Outlook as AI Fears Hit Share Price
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Phancy Group reassures investors after a share price drop, attributing the decline to misinterpretations of AI's impact on traditional software. The company reports 83.9% of its revenue from computing power services, with a 36.8% year-on-year revenue increase for January to September 2025. It emphasizes strong growth in the AI sector and advises cautious trading. The latest analyst rating for its stock (HK:6682) is a Hold with a price target of HK$47.00. Phancy Group focuses on AI-driven computing power services for enterprise clients.
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