HK Stock Market Move | GBA AI COMP (01396) rises over 7%, with computing power orders in hand exceeding RMB 37 billion and strong delivery capability; institution sets a target price as high as HK$36.

GBA AI COMP (01396) rose over 7% intraday, up 5.94% as of press time at HK$11.06, with a turnover of HK$22.7185 million. On the news front, GBA AI COMP previously disclosed in its 2026 interim results that its intended AI computing power orders in hand exceed RMB 37 billion, of which orders already delivered and generating stable billing exceed RMB 20 billion. From the beginning of 2026 to the 2026 interim report, the company added over RMB 22 billion in intended orders, more than 95% of which came with customer prepayments, highlighting customers' strong recognition of the company's delivery capability. The company currently operates over 50,000 PFLOPS of FP16 computing power on a stable basis, firmly ranking among industry leaders. A research report by Taiming Securities pointed out that it maintains a "Buy" rating on GBA AI COMP with a 12-month target price of HK$36. The firm believes that the expansion of the recurring billing base supports rapid profit growth, the extension of the service network and the development of Token services open up growth space, and improved trading liquidity is expected to further drive a revaluation of the company. It is estimated that the group's net profit attributable to shareholders for 2026-2028 could reach RMB 675 million, RMB 1.315 billion, and RMB 2.806 billion, respectively, representing a two-year compound growth rate of 103.9%.