HK Stock Market Move | GBA AI COMP (01396) rose over 8%, continuing the pattern of supply not meeting demand for computing power resources. The companys net profit for the first half of the year is expected to reach 3.3 times that of last year.

GBA AI COMP (01396) surged over 8%, reaching 8.05% increase at the time of publication, priced at HKD 12.22, with a trading volume of HKD 75.6569 million. Recently, two computing power leasing companies, Nebius and CoreWeave, released earnings reports that exceeded expectations. More importantly, the management teams of both companies described a common phenomenon during their earnings calls: the prices for AI computing power leasing are hitting new highs, particularly with a significant premium for short-term contracts. In addition, DeepSeek issued a price adjustment announcement, stating that the off-peak periods are priced at half of the peak rates, indicating a tight supply-demand situation for computing resources during peak times. It is noteworthy that GBA AI COMP, as a rare AI computing power service provider in the Hong Kong stock market, has completed a comprehensive transformation in the intelligent computing sector through its acquisition of Tiandun Data. In the first half of this year, the company received over HKD 15 billion in new orders. By the end of June, over HKD 2 billion in orders had been fulfilled, with more than 6,000 P of computing power put into operation, bringing the cumulative total delivery of computing power close to 50,000 P (FP16 dense), with continuously improving efficiency in converting signed contracts into revenue. Meanwhile, the company expects its net profit for the first half of the year to be no less than HKD 240 million, achieving 3.3 times that of last year's annual figure.