SUNEVISION (01686) is currently up nearly 7%. As of the time of writing, the stock rose 6.73% to HK$7.45, with a turnover of HK$291 million. On the news front, on January 27 local time, Google Cloud officially announced price increases, adjusting rates for Google Cloud, CDN Interconnect, Peering, and AI and computing infrastructure services effective May 1, 2026. Previously, Amazon Web Services (AWS) also raised the price of its EC2 Machine Learning Capacity Blocks by approximately 15%, with the hourly cost for a p5e.48xlarge instance increasing from $34.61 to $39.80. Some analysts believe this round of price hikes may trigger a chain reaction in the industry, potentially prompting other cloud providers, both domestic and international, to follow suit.
Shenwan Hongyuan Group believes that from the construction and operation of AI computing centers to upstream segments like power supply and distribution and temperature control, it is optimistic about the value revaluation and sustained prosperity of the entire AIDC industry chain. A previous research report from Kaiyuan Securities pointed out that the company has been deeply involved in the IDC industry in Hong Kong for 25 years and possesses Asia's leading network interconnection services. Its major shareholder, Sun Hung Kai Properties, is one of Hong Kong's largest real estate developers. Backed by Sun Hung Kai Properties, the company enjoys multiple advantages including land, power supply, financing, and engineering. Calculated by IDC square footage, the company held approximately a 33% share of the Hong Kong IDC market in the first half of 2024. As of the end of 2024, the company operated eight data centers, with an operational IT power capacity of 103 MW and a utilization rate of 88%.
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