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CDXJ Digital Unit Secures China Telecom Contract; Shares Up 3%
[Exclusive Big V] Deng Shengxing: Mainland data is weak, Hong Kong stocks' trend is lacklustre.
On Wednesday, the Hang Seng Index closed at 17,113, down 60 points or 0.35%. The turnover of the market was 68 billion yuan throughout the day. The national index fell by 24 points or 0.40%, at 6025. The science and technology index fell by 33 points or 1%, to 3395. Tencent (00700), which released its semi-annual performance after the market closed, fell 1.3%, while Tencent Music (01698) dropped 18.1% at the close. Tencent announced after the market closed that its profits for the first half of the year were 107.578 billion yuan RMB, up 53% year-on-year based on non-IFRS financial reports. The Dow Jones industrial average closed on Wednesday (14th) at 4.
Shanghai CDXJ Digital Technology (603887.SH): Subsidiary selected for China Telecom Jiangbei 2024 computing project.
On August 14th, Gelonhui announced that on August 13th, 2024, China Communication Services Procurement Portal published the "China Telecom Jiangbei Data Center (Yizheng Park) 2024 Computing Infrastructure Maintenance Service Project Sole Source Procurement Announcement" and confirmed that the company's wholly-owned subsidiary, Hong Kong Systems Engineering Co., Ltd., is the sole source procurement supplier for the China Telecom Jiangbei 2024 Computing Project. The procurement budget is 1.5 billion yuan (inclusive of taxes).
[Brokerage Focus] Galaxy Securities: National integrated computing power system infrastructure expected to be strengthened.
Galaxy Securities said that the supply and demand of the algorithm network industry chain are both increasing, and high-quality symbols in sub-industries with improved prospects should be preferred. In the context of the digital economy's continuous pursuit of AI+ action and the empowerment of new applications on the industry, the new national integrated computing power system infrastructure is expected to be consolidated. The communication+AI new infrastructure industry chain is expected to have a higher expected growth rate, the ICT cornerstone optical network industry chain has double increase in supply and demand, the new technology of liquid cooling empowers the construction of data centers, and the operating performance of sub-industries is expected to marginally improve: there are great opportunities for submarine cables to go offshore, leading companies are expected to benefit first; operators improve quality and efficiency, high dividend payments bring out the value, and the reform of central governm
China Telecom (601728.SH): 0.662 billion restricted A-shares will be listed for circulation on August 20.
China Telecom (601728.SH) announced that the restricted shares to be listed this time are the first A-share restricted shares issued by the company...
HKEX Moves | Three major telecom operators rebound collectively, industry profit margin is expected to continue to improve, and factors such as shareholder returns are still attractive.
The three major mobile operators have rebounded. As of press time, China United Network Communications (00762) rose by 3.52%, to HKD 6.18; China Telecom (00728) rose by 2.38%, to HKD 4.3; and China Mobile (00941) rose by 1.9%, to HKD 72.25.
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