HK Stock Market Move | ITC PROPERTIES (00199) afternoon rose by over 18%, stock price nearly doubled within the month, market expects the company to "recreate a new era in Asia"

ITC PROPERTIES (00199) surged more than 18% in the afternoon, with the stock price nearly doubling this month. As of press time, it rose 17.5% to 1.88 Hong Kong dollars, with a turnover of 31.4181 million Hong Kong dollars. On the news front, ITC PROPERTIES has issued multiple announcements, declaring the company's long-term strategic elevation. Cao Xinwei, the founding core of Chao-Asia Data Center, has been appointed as an executive director of the company, effective from May 15th; and has established a VIE agreement control structure with Beijing QiYuan Intelligent Calculation to obtain a scarce IDC value-added telecommunications license, while also engaging the global law firm to fully control legal compliance, risk isolation and internal control systems. In the article "ITC PROPERTIES (00199) Strategic Elevation Reconstructing Long-term Growth Foundation with AI Computing Power," it is pointed out that from the perspective of capital market validation, the "real estate + computing power" Davies Double-edged logic has been established. Targets such as GD-HKGBA Holdings (01396) have achieved significant valuation and stock price restoration through transformation, proving that the market highly recognizes true transformation targets. ITC PROPERTIES has stronger foundations in terms of team, compliance, resources, and capital, coupled with strong market expectations for "recreating a new Chao-Asia," making the long-term valuation switching space clearer. With the landing of subsequent projects, customer agreements, financing progress, and mergers and acquisitions integration, the company will continue to attract market capital inflows.