HK Stock Market Move | WASION HOLDINGS (03393) up more than 3%, its Brazilian subsidiary won the CPFL project with a contract value exceeding 80 million yuan.

WASION HOLDINGS (03393) rose more than 3%, as of press time, up 3.18% to HK$16.86, with a turnover of HK$27.8395 million. On the news front, WASION HOLDINGS recently announced that its wholly-owned subsidiary, Wasion da Amazonia Industria de Instrumentos Electronicos S.A., established in Brazil, successfully won the CPFL project in December 2025, with a contract value exceeding RMB 80 million. CPFL is a leading enterprise in the Brazilian electricity industry, serving over 10 million users and covering the entire industry chain of power generation, transmission, distribution, and power commercialization, making it an important integrated energy solutions provider in the local market. In addition, China Thai International pointed out in its research report on December 17 that since we first covered the company in June this year, the company's stock price has risen by 124.5%. However, after visiting the company recently, we believe that there is still abundant upside potential in the stock price. The demand for the company's intelligent power distribution services from AIDC (Artificial Intelligence Data Center) customers is expected to exceed expectations, and there is expected to be a significant increase in new orders related to FY26. The company's development foundation has also expanded from the traditional industrial sector to the advanced technology sector, supporting a higher valuation.