WASION HOLDINGS (03393) rose over 7% in early trading, hitting a record high of HK$15.40. At the time of writing, the stock was up 5.64% at HK$15.18, with a turnover of HK$52.95 million.
Microsoft CEO Satya Nadella and OpenAI CEO Sam Altman recently stated in a joint interview that the AI industry's current challenge is not an oversupply of computing power but insufficient electricity to support all GPU operations. Reports indicate that North America's power grid is struggling to cope with the surging demand.
Earlier, Zhongtai Securities released a research report noting that as the global AI industry expands, data center power consumption is rising, driving growth for WASION HOLDINGS' smart power distribution business. The company has shifted from traditional industrial applications to advanced technology, creating revaluation opportunities and breaking valuation constraints in Hong Kong's industrial sector. The firm adjusted its profit forecasts based on updated financial data and raised its target price from HK$11.65 to HK$17.40, implying a 13.0x FY26 P/E and 39.3% upside potential. It reiterated a "Buy" rating.
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