Changes in Hong Kong stocks | Weisheng Holdings (03393) rose more than 8% AI drives demand for power consumption in data centers, and Citi expects overseas orders to grow rapidly next year

The Zhitong Finance App learned that Weisheng Holdings (03393) rose more than 8%. As of press release, it had risen 8.47% to HK$16.4, with a turnover of HK$43.8807 million.

According to the news, according to reports, Nvidia plans to host a private summit next week to invite startups focused on solving data center power problems. These issues may hinder the development of artificial intelligence. A previous research report by Zhongtai International pointed out that just as the AI industry is rising globally, the demand for power consumption in data centers is growing, promoting the expansion of the company's intelligent power distribution business. The company's business positioning has also expanded from traditional industry to advanced technology, providing revaluation opportunities and breaking through the Hong Kong stock industry sector valuation framework.

Citigroup's previous research report pointed out that according to Weisheng Holdings guidelines, the amount of new orders from overseas customers will increase by 54% to 2 billion yuan per year in 2026, driven by strong demand for artificial intelligence data centers (AIDC). Citi expects the revenue share of Visheng data centers to gradually increase from 9% in 2024 to 16% and 20% in 2025 and 2026, respectively. In view of the higher profit contribution of the AIDC business, Citi raised Visheng's net profit forecast for 2025 to 2027 by 11% to 17%.