Citigroup raises the target price of WASION HOLDINGS to 21 yuan as AIDC sees strong new orders

AASTOCKS
2025.12.15 03:14

Citigroup's research report indicates that according to the latest guidance from WASION HOLDINGS (03393.HK), its Artificial Intelligence Data Center (AIDC) revenue is expected to double from RMB 1 billion in 2025 to RMB 2 billion in 2026, and further increase to RMB 4 billion in 2027. The company also anticipates that new AIDC orders, both locally and overseas, will grow by 50% and 92.3% year-on-year next year, reaching RMB 1.5 billion and RMB 2.5 billion, respectively.

Based on the strong new orders related to AIDC and higher profit forecasts, the bank has raised its net profit estimates for 2025 to 2027 by 1% to 5%, increasing the target price from HKD 15.5 to HKD 21, with a rating of "Buy." It believes that the stock is very likely to be included in the connectivity mechanism in March next year. Citigroup initiated a 90-day positive catalyst observation for the company on November 25

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