HK Stock Market Move | ITC PROPERTIES (00199) up more than 15%, the company actively increases its investment in the AI computing power track, the window for value reassessment is officially opened.

ITC PROPERTIES (00199) rose more than 15% intraday, as of the time of publication, it has risen by 13.18% to HK $2.49 with a turnover of HK $15.3713 million. On the news front, on June 5, ITC PROPERTIES disclosed that its wholly-owned subsidiary has signed a cooperation memorandum with China United Network Communications (Hong Kong) Limited, and the two parties will engage in comprehensive cooperation in the field of AI computing power infrastructure in Hong Kong. It is worth mentioning that this is the company's third increase in investment in the AI computing power arena in the past three months. Previously, it had strategically invested in the overseas computing power platform Nscale Global, cooperated with Beijing Qiyuan Zhisuan through the VIE structure, and appointed Cao Xinwei, the founding veteran of the international computing power company Asia Data Center, as executive director and general manager of the computing power subsidiary. At the end of May this year, the company announced the completion of the first computing power technical service contract, with a basic service period of 6 months and a total amount of approximately 28.9 million yuan including tax. It will deliver 490 PFLOPS computing power services and a total of 62 sets of matching GPU server clusters. In the current global shortage of computing power and the difficulty of finding high-quality supply, the first successful landing of Dexiang indicates that it has been upgraded from a "concept stock in transition" to a "computing power growth stock", and the value reassessment window is officially opened.