The Zhitong Finance App learned that Dexiang Xinyun's computing power (00199) rose at the end of the session. At the close, it rose 10.08% to HK$0.655, with a turnover of HK$3.4336 million.

According to the news, Dexiang Xinyun Computing Power recently announced that the company has set up an AI business management committee to be responsible for AI business operation decisions. In terms of AI infrastructure operation, the company plans to develop an AIDC project in Rudong County, Nantong, Jiangsu. It is advancing preparations and studying direct green power supply cooperation with large state-owned energy companies; at the same time, it is promoting an AIDC project in Hong Kong, and is undergoing preliminary construction planning and design.

Yingli Securities said in a research report that the catalysts for Dexiang Xinyun's computing power share price increase include: 26Q3 large-scale computing power revenue confirmation; ongoing orders for new computing 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 and model partner implementation on the Token platform. The bank pointed out that Dexiang is currently at the stage of “resources have been locked in and performance has not been realized”. The valuation anchor should start with steady multiples and discounts for comparable companies and gradually converge to the industry average as orders and operations progress.

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