The Zhitong Finance App learned that Quanfeng Holdings (02285) rose more than 4% in early trading. As of press release, it rose 3.96% to HK$34.66, with a turnover of HK$21.3387 million.

According to the news, on September 10, Joseph Galli Jr., the former CEO of Chuangke Industrial, joined Quanfeng Holdings as the new CEO and launched an executive recruitment campaign. Eight key management personnel have already been recruited in one month after taking office. Yamato believes that this round of recruitment focuses on sales capabilities for western US states and strategic customers, and also covers the Canadian market. The bank expects Joe Galli's recruitment campaign to continue, and the focus in the next phase may shift to the European market.

Cathay Pacific Haitong Securities said that tool intensity is an important characteristic of AIDC construction, leading to higher tool procurement and consumption intensity. In addition, demand for traditional tools is mainly DIY and home renovation, with high product price sensitivity and limited gross margin; while AI data center construction is aimed at professional contractors, which are commercial businesses with high barriers, have far higher requirements for the reliability, precision, power output, and operating efficiency of tools than consumers, so customers are willing to pay a significant premium for professional-grade products.

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