On June 11, GBA Smart Computing (01396.HK) rose 5.01% in regular trading, trading at HK$13.13/share, with trading volume of HK$39.74 million.
On the news front, Huaye Securities issued a research report on June 10 initiating coverage with a \"Buy\" rating and a target price of HK$23.08, implying significant upside from current levels. The brokerage highlighted that the company's AI computing infrastructure transformation is fully realized, with subsidiary Tiandun Data reporting revenue growth of 757.9% to RMB 2.03 billion, gross margin reaching 22.2%, backlog orders exceeding RMB 15 billion, and rack utilization rates stable above 95%, providing high-visibility earnings support for the next three to five years.
The stock had previously undergone consecutive pullbacks following profit-taking after the formal name change from \"GBA Holdings\" to \"GBA Smart Computing\" on May 22. The research report has provided sustained sentiment support, with the stock extending its rebound for a second consecutive session after an approximately 8.39% decline on June 8.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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