Suny Internet (01686.HK) applies to reconstruct 277 units of Residence at Yang Wu Road Datacenter.

New World Network (01686.HK) has applied to the Town Planning Board for a density relaxation to redevelop a large comprehensive development site on Yang Wo Road in Tsuen Wan. Currently, there are 6 industrial buildings on the site, but New World Network only Holds the ownership of 1 industrial building, which is the Datacenter Jumbo iAdvantage. It is expected that the property can be rebuilt into 277 units, involving about 0.1249 million square feet. According to documents from the Town Planning Board, the project held by New World Network is located at 145 to 159 Yang Wo Road, currently the Datacenter Jumbo iAdvantage, with a site area of about 0.02 million square feet, planning for a total plot ratio.

AASTOCKSApr 16 09:55

SUNEVISION (01686.HK) has appointed Chen Zhenguang as an independent non-executive Director.

Gelonghui, April 15: SUNEVISION (01686.HK) announces: 1. Liu Ruohong has resigned as the company's non-executive director, effective from April 15, 2025; 2. Liao Jiajun has been reassigned from independent non-executive director to non-executive director, effective from April 15, 2025; and 3. Chen Zhenguang has been appointed as the company's independent non-executive director and a member of the Board of Directors' nomination committee, both effective from April 15, 2025.

Gelonghui FinanceApr 15 16:51

HSBC Research is Bullish on China's Datacenter Industry, raising the Target Price for GDS Holdings (09698.HK) and New World Development (01686.HK).

HSBC Research released a report indicating that after the launch of DeepSeek, stocks in China's Datacenter sector had an average increase of 102% in the first two months of this year. Although the sector dropped 29% in March due to concerns over rising leverage, the bank remains Bullish on the Industry due to strong visibility of Orders. The bank raised the Target Price for GDS Holdings (09698.HK) from 29.9 yuan to 37.1 yuan, with a rating of 'Buy'; for Neway Internet (01686.HK), the Target Price was increased from 4.6 yuan to 10.1 yuan, also with a rating of 'Buy'.

AASTOCKSApr 3 11:45

[Brokerage Focus] Open Source Securities initially gives SUNEVISION (01686) a "Buy" rating, indicating that the company is entering a new cycle of capacity expansion.

Jinwu Financial News | According to a Research Report from Open Source Securities, SUNEVISION (01686) has been deeply involved in the IDC Industry in Hong Kong, China for 25 years, boasting the number one network interconnection service in Asia. The major Shareholder, SHK PPT, is one of the largest property developers in Hong Kong, and backed by SHK PPT, the company enjoys multiple advantages in land, Electrical Utilities, financing, and engineering. Based on IDC square footage calculations, in the first half of 2024, the company is expected to hold approximately 33% of the IDC market share in Hong Kong, China. By the end of 2024, the company has operated eight Datacenters, with an operational IT Electrical Utilities capacity of 103MW and a utilization rate of 88%. The bank

Jinwu Financial NewsMar 31 15:50 · Ratings

SUNEVISION (01686.HK): The leading AIDC company in Hong Kong enters a new cycle of expansion.

Backed by SHK PPT, a leading Hong Kong AIDC company with strong profits, initiating coverage with a "Buy" rating. The company has been deeply engaged in the IDC Industry in Hong Kong for 25 years, owning the number one network interconnection service in Asia, and the major Shareholder, SHK PPT, is the most prominent in Hong Kong.

Open Source SecuritiesMar 30 00:00

New World Development (01686.HK) has begun the second phase of construction for the MEGA IDC in Tseung Kwan O, with a total investment exceeding 15 billion yuan.

Yesterday (27th), New World Development (00016.HK) initiated the second phase of the MEGA IDC Datacenter project located in Tseung Kwan O, covering approximately 0.35 million square feet, expected to be completed by 2027. The chairman and director general of New World, and chairman of the new media network, Guo Binglian, stated that the project is divided into three phases, with a total investment exceeding 15 billion yuan. Upon full completion, the total floor area will reach 1.2 million square feet, with an electrical capacity of 180MW, making it the largest Datacenter in Hong Kong in terms of electrical capacity. The first phase was launched last year, providing approximately 0.5 million square feet of total floor area and 50MW of electrical capacity.

AASTOCKSMar 28 09:31