SUNEVISION (01686) issued 0.3 million shares due to the exercise of stock options.
SUNEVISION (01686) announced that the company will issue shares on May 12, 2025, due to the exercise of stock options...
"Morgan Stanley: If HIBOR remains below 3% for an extended period, it will benefit Hong Kong Telecom (06823.HK), PCCW (00008.HK), and New World Telecommunications (01686.HK)."
Morgan Stanley pointed out that due to the weakness of the US dollar and the peg limiting the appreciation of the Hong Kong dollar, the one-month Hong Kong Interbank Offered Rate (HIBOR) dropped from 4% to 1.9% in just four days. High-leverage stocks such as Hong Kong Telecom (06823.HK), HKT (00008.HK), and New World Development (01686.HK) are beneficiaries. The bank believes that if HIBOR remains below 3% for a longer period (2 to 3 months), compared to 3.5% to 4% at the beginning of this year, significant growth in cash flow and profits for these companies may be observed. The bank estimates that for every 100 basis point change in HIBOR, it can bring annual benefits to Hong Kong.
Hong Kong stocks are experiencing movement | Datacenter stocks are rising, SUNEVISION has increased by over 5%, and GDS-SW has risen by more than 3%.
The Datacenter stocks rose in the morning session. As of the time of writing, SUNEVISION (01686) is up 5.08%, trading at 6.21 HKD; GDS-SW (09698) is up 3.56%, trading at 23.25 HKD.
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.
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.
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'.
[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
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.
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.
Hong Kong stocks move | DeepSeek Concept stocks decline, SUNEVISION (01686) drops nearly 6%, TUYA-W (02391) falls over 5%.
DeepSeek Concept stocks have declined. As of the time of writing, SUNEVISION (01686) is down 5.87%, trading at 7.05 HKD; TUYA-W (02391) is down 5.3%, trading at 25 HKD; CHINA TELECOM (00728) is down 4.1%, trading at 5.62 HKD.
SUNEVISION: 2024/25 Interim Report
In February, the net Inflow of southbound funds reached a three-year high, and structured allocation generated over 20% excess returns.
1. The fund inflow from the south set a historic record of net inflow of 152.8 billion Hong Kong dollars in February 2025. What are the core driving factors behind this significant influx into Hong Kong stocks? 2. What are the differences in the holdings of various funds in the Hong Kong stock market in February?
China's technology stocks are surging across the board! How to seize this round of investment opportunities? These four major industry directions are expected to experience a boom.
Today, two major pieces of news emerged in China's AI field, which can be described as "twin stars shining bright."
On March 6, SUNEVISION (01686) issued a total of 0.28 million shares according to the adopted stock option plan.
SUNEVISION (01686) announced that on March 6, 2025, it will issue a total of... according to the adopted stock option plan.
Market movements | The Datacenter Sector is rising across the board, with GDS Holdings up over 15%, and the performance and valuation of IDC Operations are expected to increase significantly.
UBS Group's Analyst Wang Xinyi stated that driven by the demand for domestic large models, the ROI and performance growth of China's Internet Datacenter (IDC) operators are expected to surpass those of their overseas counterparts, but their valuations still remain significantly lower than the latter, indicating there is room for valuation increase.
Quick look at the Hong Kong market | The three major indexes opened lower but rose higher, with the tech index basically flat, and BYD shares falling nearly 7%; some Robot Concept stocks rose, with Ubtech rising over 10%.
Network Technology stocks show mixed performance, with Alibaba-W down 1.99% and Baidu Group-SW up 1.74%; Autos stocks are mostly down, with BRILLIANCE CHI falling 9.43% and BYD shares down 6.77%; Alcoholic Beverages stocks are all up, with CHINA RES BEER rising 4.53% and BUD APAC up 4.50%.
Chen Wenyuan reduced his shareholding in SUNEVISION (01686) by 0.15 million shares, with a price of approximately 9.85 Hong Kong dollars per share.
On February 26, Chen Wenyuan reduced his shareholding in SUNEVISION (01686) by 0.15 million shares, at a price of 9.8527 Hong Kong dollars per share, for a total amount of approximately 1.4779 million Hong Kong dollars.
Hong Kong Stock Market Midday Review | The Hong Kong stock market surged and then retreated, with the technology index falling more than 2%. Xiaomi dropped nearly 8% after reaching a new high; Dining stocks rose against the trend, with Nayuki's tea soarin
Network Technology stocks have fallen, XIAOMI-W dropped 7.64%, Bilibili-W dropped 5.20%; Digital Health stocks declined, ALI HEALTH fell 5.16%, PA GOODDOCTOR decreased 4.37%; Dining stocks all rose, Nayuki's Tea increased 37.85%, XIABUXIABU rose 14.13%.
【Hong Kong Stock Connect】SUNEVISION (01686) has shifted from rising to falling by 4%. Institutions indicate that its valuation has fully reflected the fundamentals and that there is limited upside space in the short term.
Jinwu News | SUNEVISION (01686) saw its stock price surge in the early morning before falling back, peaking nearly 7%, and then turning to decline, currently reported at HKD 9.23, down 4.15%, with a transaction volume of HKD 0.293 billion. The stock has accumulated a rise of over 145% since February. On the news front, the company previously announced its mid-term results, showing a net profit of HKD 0.484 billion, an increase of 11.2% year-on-year; earnings per share are 11.92 cents. No interim dividend will be distributed. Mid-term revenue recorded HKD 1.47 billion, an increase of 14% year-on-year. Among these, revenue from the Datacenter and Technology facilities business grew by 15% year-on-year to HKD 1.361 billion. BOCOM INTL indicated that its performance meets expectations.
[Brokerage Focus] BOCOM INTL downgraded SUNEVISION (01686) to neutral, stating that its valuation has fully reflected the good fundamentals.
Jingwu Finance | BOCOM INTL's Research Reports indicate that SUNEVISION (01686) performed slightly above expectations in the first half of the 2025 fiscal year, with revenue of 1.47 billion yuan (Hong Kong dollars, the same below), a year-on-year increase of 14.0%, mainly driven by the increase in electrical capacity and prices from new datacenter/old project clients. Adjusted EBITDA was 1.053 billion yuan, a year-on-year increase of 17.1%, roughly in line with the bank's expectations. Operating cash inflow was 0.983 billion yuan, up 37.3% year-on-year, exceeding expectations. MEGA IDC Phase 1 is now in operation, with the first batch of clients occupying approximately 30% of the total floor area.