HK Stock Market Move | GDS-SW(09698) rises over 6% driven by AI, accelerating the construction of global intelligent computing centers. The company's overseas business is growing rapidly.

GDS-SW (09698) rose by over 6%, reaching a 6.64% increase at the time of publication, trading at 28.9 Hong Kong dollars with a turnover of 63.1782 million Hong Kong dollars. In terms of news, HAITONG INT'L believes that the rapid iteration of AI big models, especially the substantial progress in AI applications, will drive the accelerated construction of global smart calculation centers, forming a new round of high prosperity cycle. The company pointed out that the company is in a leading position in the Chinese IDC industry, both in terms of data center scale and rankings in third-party consulting reports. In particular, the company's overseas business expansion is huge, which is rare among domestic companies and exerts a strong traction effect on the company's overall development in the future. The company believes that going abroad and smart calculation centers are the two core DRIVES of the current IDC industry, and as a domestic and overseas leader, the company will benefit fully. Huatai pointed out that under the leadership of DeepSeek, the depth and breadth of AI application promotion are expected to further strengthen, the application side will be more prosperous, driving strong growth in traffic and inference computing power demand. In this background, the domestic inventory data center vacancy rate is expected to further decline, and the supply-demand pattern will improve. The company believes that as a leading third-party data center company in China, Wanguo Data has rich reserves of cabinet resources in core regions, and it is optimistic about the company's subsequent valuation improvement and financial report improvement opportunities in the domestic IDC business.