HK Stock Market Move | WASION HOLDINGS (03393) rises over 4% again, Citigroup opens positive catalyst observation on the company, expecting overseas revenue of AIDC business to double within the year.

WASION HOLDINGS (03393) rose more than 4%, as of the time of writing, it had increased by 3.78% to 14.26 Hong Kong dollars, with a trading volume of 9.547 million Hong Kong dollars. Citigroup released a research report stating that according to guidance from WASION HOLDINGS, driven by strong demand for Artificial Intelligence Data Centers (AIDC), its overseas customer's new orders are expected to increase by 54% annually to 2 billion yuan by 2026. Citigroup predicts that the proportion of revenue from the Wesee Data Center will gradually increase from 9% in 2024 to 16% and 20% in 2025 and 2026 respectively. Due to the higher profit contribution from the AIDC business, Citigroup has raised its net profit forecast for Wesee by 11% to 17% for the years 2025 to 2027. Citigroup stated that it will closely observe Wesee for 90 days and expects the company's profitability in the distribution equipment business related to Artificial Intelligence Data Centers to increase; and it is expected that Wesee's overseas revenue from the data center business will double from 200 million yuan in 2024 to 500 million yuan in 2025, and reach 1 billion yuan in 2026.