According to the Financial and Economic APP, Wasion Holdings (03393) rose more than 5%, as of the time of publication, up 4.95% to HKD 6.99, with a turnover of 24.1014 million Hong Kong dollars.

On the news front, CICC released research reports stating that the company has been deeply cultivating overseas for many years, leading in local layout, and has four major overseas production bases in Brazil, Tanzania, Mexico, and Hungary. From 2019 to 2023, the company's overseas revenue CAGR reached 66%, and in the first half of 2024, overseas revenue accounted for 28%. Looking ahead, the industry believes in the upgrading space of electrical utilities infrastructure in emerging markets. At the company level, the industry is optimistic about the company's advantages in technology, brand, performance accumulation, cost-effectiveness, and diversified strategic thinking.

The bank expects that under the replacement cycle + technological iteration drive, the annual average bid quantity of State Grid's electricity meters will be at a high level of 8,000 to 90 million units from 2024 to 2028. At the same time, the company will strengthen its efforts to explore external markets such as communications and industrial and commercial beyond the grid, and the domestic electric AMI business is expected to remain stable; benefiting from the accelerated application of dual-mode technology in the fields of electric power metering, distribution substations, etc., domestic communication and fluid AMI businesses will also maintain rapid growth. Positive about the company's overseas channel foundation, brand recognition supporting the company's diversified business expansion, and opening up growth space. The bank gives an initial rating of "outperform the industry" with a target price of HKD 8.