Changes in Hong Kong stocks | Dexiang Xinyun Computing Power (00199) rose more than 5% in early trading to acquire 80% of AI computing power service company's shares and lock in 649 million yuan computing power contracts

The Zhitong Finance App learned that Dexiang Xinyun's computing power (00199) rose more than 5% in early trading. As of press release, it rose 3.04% to HK$2.71, with a turnover of HK$10.798 million.

According to the news, Dexiang Real Estate announced on September 22 that the stock abbreviation will be changed from “Dexiang Real Estate” to “Dexiang Xinyun Computing Power”, which will take effect at 9:00 a.m. on September 25. On September 29, Dexiang Xinyun Computing Power announced that it plans to acquire 80% of the shares in the AI computing power service company “Chaoqi Xiyang Technology” for RMB 83.616 million. The company holds 26 high-performance servers that have already been delivered and a customer contract of 649 million yuan.

Yingli Securities pointed out that Dexiang Xinyun's computing power is a “new entrant to green power resource-driven AIDC” where Hong Kong stocks are scarce. The catalysts for subsequent stock price increases include: 26Q3 large-scale computing power revenue confirmation; ongoing orders for new billing power services; approval for the 27Q1 commencement of the Nantong project; implementation of project equity financing to improve capital visibility; and large-scale revenue confirmation on the Token platform and implementation of model partners.