Northeast Securities: First give Guangdong Hong Kong Bay Holdings (01396.HK) a "buy" rating, transforming into a "digital ecosystem operator".

Wisdom Financial APP learned that Northeast Securities released a research report, stating that it first gave a "buy" rating to YHK Holdings (01396.HK), which successfully entered the AI smart computing track through acquisition, realizing a strategic upgrade from a traditional real estate developer to a "digital ecological operator." The company is expected to create a diversified income structure and reshape its valuation by leveraging the green smart computing model of new business and synergizing with existing production and city resources.