Changes in Hong Kong stocks | Weisheng Holdings (03393) rose more than 3% in the afternoon, Citi expects overseas revenue from the company's data center business to reach 1 billion yuan next year

The Zhitong Finance App learned that Weisheng Holdings (03393) rose more than 3% in the afternoon. As of press release, it had risen 3.32% to HK$14.95, with a turnover of HK$237.15,800.

Citi released a research report saying that according to Weisheng Holdings guidelines, the amount of new orders from overseas customers will increase by 54% per year to 2 billion yuan 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%.

Citi said that it has begun a 90-day positive catalyst for Weisheng and expects that there is room for improvement in the profits of the company's power distribution equipment business related to artificial intelligence data centers; it also expects the overseas revenue of Weisheng's data center business to double from 200 million yuan in 2024 to 500 million yuan in 2025, and reach 1 billion yuan in 2026.