iDreamSky Technology Holdings Limited ( (HK:1119) ) has provided an announcement.
iDreamSky Technology Holdings Limited announced a share repurchase plan under the 2023 AGM Repurchase Mandate, aiming to buy back up to 10% of its shares. This decision comes as the company believes its stock is undervalued and aims to enhance shareholder value. The company is confident in its future growth, supported by successful game launches and robust financial health, allowing it to proceed with the buyback while maintaining operational growth.
More about iDreamSky Technology Holdings Limited
iDreamSky Technology Holdings Limited operates in the gaming industry, focusing on introducing and distributing high-quality overseas games as well as developing its own games. The company has been successful with recent launches like ‘War Robots’ and ‘Shop Titans’ and is planning to release additional games in the coming years, aiming for sustainable growth.
YTD Price Performance: -18.62%
Average Trading Volume: 400
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €415.1M
For detailed information about 1119 stock, go to TipRanks’ Stock Analysis page.