HK Stock Market Move | MORIMATSU INTL(02155) rose more than 7%, with a cumulative increase of over 40% in the stock price this month. The company is focusing on the layout of modular data centers.

MORIMATSU INTL (02155) rose more than 7%, with the stock price increasing by over 40% within the month. As of the time of publication, the stock price rose by 7.28% to 7.37 Hong Kong dollars, with a trading volume of 1.77 billion Hong Kong dollars. On the news front, North American cloud companies Amazon, Google, Microsoft, and Meta successively released their latest financial results, with cloud business benefiting from AI demand and capital expenditure maintaining high year-on-year growth until 2024Q4. In addition, Alibaba announced that the group's investment in cloud and AI infrastructure over the next three years is expected to exceed the total of the past decade. Citic Futures pointed out that the significant increase in investment in data center infrastructure by top cloud companies will drive IDC demand into an upward cycle, with capital expenditure growth turning from negative to positive, the proportion of AIDC (AI data centers with high computing power and high energy consumption) demand increasing, and the accelerated adaptation of domestic computing power. By 2025, China's intelligent computing power scale is expected to double to 2328 EFLOPS, driving the continuous increase in the IDC industry's prosperity. It is reported that MORIMATSU INTL provides various solutions such as containerized data centers, integrated indoor data centers, and large modular data centers in a modular manner to flexibly meet the diverse needs of customers. In addition, by continuously developing and iterating self-developed software and accumulating engineering data, the company has the capability to create digital factories and provide operational services for customers while improving its own production, management, and engineering service efficiency.