HSBC Research published a report indicating that after the launch of DeepSeek, China’s Datacenter stocks experienced an average increase of 102% in the first two months of this year. Although the Sector fell by 29% in March due to concerns over rising leverage, the firm remains bullish on the Industry due to strong Order visibility.
The firm raised the Target Price of GDS Holdings (09698.HK) from 29.9 yuan to 37.1 yuan, maintaining a 'Buy' rating; the Target Price for New Media Network (01686.HK) was increased from 4.6 yuan to 10.1 yuan, also with a 'Buy' rating.
