Changes in Hong Kong stocks | Universal Data - SW (09698) rose by more than 11%, intensive release of policies related to data elements, the company's future business is expected to expand strongly

The Zhitong Finance App learned that GDS (09698) rose by more than 11%. As of press release, it had risen 11.08% to HK$22.5, with a turnover of HK$24.0767 million.

According to the news, policies and standards related to data elements have recently been released intensively. On October 8, the National Development and Reform Commission and other departments issued the “Guidelines for the Construction of a National Data Standard System”. On the 9th, the General Office of the CPC Central Committee and the General Office of the State Council announced “Opinions on Accelerating the Development and Utilization of Public Data Resources”. This is the first time that the central government has made systematic arrangements for the development and utilization of public data resources. On the 10th, the State Information Office held a press conference to introduce the development and utilization of public data resources and accelerate the release of the element value of public data.

Bank of America Securities's previous research report indicated that it remains optimistic about the growth of global data and believes that international market demand is strong. In the second quarter of this year, the company received new orders with a total capacity of 206 MW at two sites in Johor, Malaysia, and the promised total capacity reached 388 MW. The total capacity already used in the second quarter was 101 MW. Management expects the utilization rate to rise rapidly, increasing 257 MW to 358 MW over the next 24 months, which means an increase of 2.5 times over the second quarter, indicating that the company's future business will expand strongly.